In buying and selling a house or other property, there are a number of other costs charged to the seller and buyer. Apart from preparing money to buy a house, buyers also have to allocate a number of costs to pay taxes, administration and legal matters. Buying a home may be the biggest financial decision that will significantly impact your finances.
Therefore, you need to consider every cost incurred to buy a house. The demand for houses is increasing every year, this phenomenon has created an opportunity for many investors to compete to build houses at different prices, serving many young families with housing needs for themselves and their families in the future.
Home Sales List:
1. Income Tax (PPh)
PPh, aka income tax, is of course borne by the seller, because he gets income from the sale of the house. Referring to Government Regulation (PP) Number 34 of 2016 concerning New Final Income Tax Rates on the Transfer of Rights to Land or Buildings.
The amount of house sales tax that must be paid is 2.5% of the value of income from land and building rights. It should be noted that the house sale and purchase tax must be paid before signing the AJB.
2. Land and Building Tax (PBB)
The PBB responsibility in the sale and purchase of property can actually be the responsibility of the seller, if the sale and purchase is carried out after the PBB payment is due. After that, PBB responsibility will be transferred to the buyer as the new owner. As is known, PBB must be paid by every property owner every year. The PBB amount is 0.5% of the Taxable Sales Value (NJKP) or equivalent to 20% NJOP slot deposit 10 ribu
3. Property Agent Services
This fund allocation needs to be prepared if you want to sell your house using the services of a property agent. The property agent’s commission is generally charged to the seller, as the interested party.
According to statutory regulations, the agent’s commission ranges between 2-5% of the transaction value. To sell your house quickly, you can actually take advantage of various property buying and selling platforms such as Rumah123. For homeowners who want to sell their property, they can directly access the Rumah123 ‘Property Owner’ page to advertise their property safely and easily.
Fees and Taxes Beared by Home Sellers
Home sellers must cover some taxes and fees themselves. This can be a reference if you sell your house later. The following are the fees and taxes that must be paid.
1. Income Tax (PPh)
Tax on home sales is regulated in Government Regulation Number 34 of 2016 concerning Income Tax on the transfer of rights to land and/or buildings. The tax rate imposed on the sale of a house is 2.5% of the sale price of the house. If you sell a house for IDR 1 billion, the tax is IDR 25,000,000.
2. Notary Fees
Notaries or also known as PPAT (Land Deed Officials) have a very important role in house buying and selling activities. The notary’s role is to ensure the validity of the sale and purchase transaction in the eyes of the law. Notaries are often involved in house buying and selling activities where payments are made in stages (credit).
This notary fee has also been regulated in Law No. 30 of 2004 which is divided into 2 types, namely economic value and sociological value.
1). Economic value
This value is determined from each deed, namely as follows.
– If the transaction reaches IDR 100 million, the honorarium obtained is a maximum of 2.5% of the transaction value
– If the transaction is between IDR 100 million to IDR 1 billion, the honorarium obtained is 1.5%
– If the transaction is above IDR 1 billion, the notary fee is 1% of transaction value.
2). Sociological Values
Notary fees are determined according to the social function of the object of each deed, thus the highest amount of honor received by a Notary is IDR 5,000,000. So to determine the details of notary fees for buying and selling a house, it is recommended to refer to existing regulations.
