An easy way to calculate land purchase tax
Are you planning to buy land to build a new home, or is it just an investment? Or vice versa, do you have land you want to sell? When buying or selling land, don't forget to buy and sell land and purchase taxes.
Someone is often confused when they have to calculate the tax amount for a land sale to be carried out. In fact, calculating taxes on buying and selling land isn't as difficult as you might think. So, to help you, below, Kania discusses several ways to calculate taxes for buying and selling the land you want to trade. Listen until it's gone, yes!
Definition of land purchase tax
Therefore, before knowing how to calculate it, it is advisable to first understand the meaning of the land buying and selling and purchase tax itself. Land sales tax is a tax that both the seller and the buyer must bear when a land sales transaction occurs. Tax costs vary depending on the land being traded.
4 Ways to Calculate Land Purchase Tax
If you understand the meaning, it will be easier to understand when calculating the land sales tax. Without any further hassle, look at four ways to calculate the tax on buying and selling land based on some of the taxes in it!
Income tax (PPh)
Income tax is part of the land sales tax, which is the duty of the land seller. The income tax amount for each land sale transaction is 2.5% of the total transaction amount. It complies with Government Regulation No. 34 of 2016 on new tariffs on final income tax on the transfer of rights to land / buildings.
The determined land sales tax amount is also very easy to calculate. All you have to do is multiply the transaction price of the land sale by 2.5 and then divide by 100. For example, if a land sale transaction is worth 1 billion IDR, the amount of income tax the seller has to pay is: IDR 25 million. Out-of-pocket payment must be made before the proof of sale.
Land and construction tax (PBB)
Land and building taxes are also land sales taxes and must be borne by the seller. This is because the seller of the land is considered to be the party that benefits from ownership of the land or property.
Land and building taxes are calculated by multiplying taxable sales (NJKP) by 0.5%. NJKP itself is obtained from the taxable sales amount (NJOP) minus the tax-exempt sales amount (NJOPTKP). After deduction, NJKP must also be multiplied by the specified comparator.
The taxable sale of real estate worth more than Rp1 billion is 40% of the total object value. On the other hand, for properties worth less than Rp1 billion, the taxable sale is only 20% of the total value of the object. Therefore, if the value of the land is 2 billion rupiah, the calculation of PBB is 0.5% x (2 billion rupiah-NJOPTKP x 40%).
Land and building rights acquisition costs (BPHTB)
Sellers are not the only ones subject to land sales tax. Buyers also have their own obligations related to the sale of land and purchase taxes. One of the taxes on the purchase and sale of land borne by the purchaser is the land and building right acquisition fee (BPHTB). The calculation method of BPHTB itself is not so difficult. This land sales tax rate charged to the buyer is 5% of the selling price deducted by the tax exempt tax Osieck (NPOPTKP).
For example, suppose you want to buy land worth Rp1 billion in Jakarta. DKI Jakarta's NPOPT KP is known to be Rp80 million. Therefore, the calculation of the cost of buying and selling land in the form of BPHTB is 5/100 x (1 billion rupiah-80 million rupiah). After that, the result of BPHTB obtained was 46 million rupiah.
Value Added Tax (VAT)
Another tax that buyers have to pay to buy or sell land is VAT or VAT. This land sales tax is typically 10% of the total transfer of rights to the land you are trading. Therefore, if the value of the land purchased is 1 billion rupiah, the VAT value can reach 100 million rupiah.
However, not all land purchases are subject to VAT. Only land for business use and profitable value is usually subject to VAT taxation. One of the characteristics of the land you buy is subject to VAT land sale and purchase tax. This is the status of an entrepreneur taxed by the seller. Therefore, if you just buy land for your property, you may not be subject to VAT.
Now you know how to calculate the various taxes on buying and selling land. Complete tax compliance before the land sale transaction takes place so that the issuance of certificates and other documents will not be an issue in the future.
In addition to the information above, find articles with other interesting information and inspirations about Decorma! Decorma offers not only articles but also real estate buying and selling services through Decorma House. From many areas of Jabodetabek, there are many property choices to choose from according to your needs. For example, there are homes for sale in Bekasi, new homes in Tangerang, and apartments for sale in West Jakarta. Decorma has made your dream home a reality!
Source : http://i0.wp.com/www.dekoruma.com/artikel/119927/menghitung-pajak-jual-beli-tanah
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