Types Of Home Sale And Purchase Taxes That Must Be Known And How To Calculate It

Types of Home Sale and Purchase Tax (Tierra Mallorca-Unsplash Image)

YOGYAKARTA - In buyers and sellers related to house sale and purchase transactions, there is a tax on the sale and purchase of houses which is an obligation that must be paid. And there are several types of house sale and purchase tax.

There are several taxes that must be borne by sellers in buyers in house sale and purchase transactions, the amount of tax imposed is also different.

To be clearer, here is a complete discussion of the house sale and purchase tax, starting from the type to the method of calculating it.

Types of house sale and purchase tax can be divided into 2 parts, consisting of seller and buyer taxes. To be clearer, the following types of house sale and purchase taxes are sourced on their dependents.

Seller Tax

The seller's tax is taxes imposed on sellers, such as Income Tax (PPh) and Building Earth Tax (PBB).

What are PPh and PBB? The following is a more detailed explanation of the 2 taxes that must be borne by this seller.

Income Tax (PPh)

PPh is a house sales tax borne by sellers.

The provisions are regulated in Government Regulation (PP) No. 34 of 2016.

It is stated in the regulation that the PPh that must be paid by the seller is 2.5% of the selling price of the house.

PPh must be paid off before the Sale and Purchase Deed (AJB) is issued.

Land Building Tax (PBB)

Another tax borne by sellers is Land Tax and Building.

PBB is a home sales tax that must be paid in full before handing over to buyers.

The PBB payment itself is made once a year with a percentage of 0.5% of the Taxable Selling Value (NJKP) multiplied by the Tax Object Selling Value (NJOP).

A house with a selling value below IDR 1 billion is subject to NJKP of 20%.

Meanwhile, houses with a selling value of more than Rp. 1 billion rupiah were charged by NJKP of 40%.

Notary Service Fees

Not only taxes, other payments that are borne by sellers are notary service fees and Land Deed Forming Officials (PPAT).

The honorarium value of notaries is 2, 5% for the house price of Rp100.000.000, or 1.5% if the object value is above one hundred million to one billion.

The honorarium value will continue to be low if the price of the house gets higher.

Details of the costs of the Notaries above have been regulated by the government and contained in Law Number 30 of 2004 article 36.

Buyer's Tax

The buyer's tax is taxes imposed on buyers, including BPHTB and VAT.

Import Duty For Rights To Land And Buildings (BPHTB)

BPHTB is a levy on the acquisition of land and/or buildings rights.

The tax is applied because the acquisition of the right to land and or building is a legal event.

The amount of BPHTB is 5 percent of the value of tax object acquisition.

For those who want to buy a new house, there are currently many developers who offer free BPHTB payments such as Kartika Residence Karawang.

Value Added Tax (VAT)

VAT is a consumption tax that is charged to buyers indirectly.

The reason is, tax deposits are made by sellers who are not in charge of taxes.

If you buy a house from the developer as a Taxable Entrepreneur (PKP), the VAT that must be paid is 10 percent of the selling price.

Meanwhile, if you buy a house from an individual, up to VAT, you can deposit it yourself directly to the tax office.

Well, this tax has generally listed the value of the purchase paid.

Another fee

Not only the 2 types of mandatory costs above, as buyers, there are other coverage payments that must be prepared so that the buying and selling process can be carried out quickly.

There are also payments that must be paid, namely for the management of certificates, such as:

Pay Check Certificate

The range of payment for checking certificates is generally around Rp. 100,000.

The purpose of checking certificates is to find out the data regarding the legality of the house certificate, whether it is genuine or fake.

Making A Sale And Purchase Deed

When before issuing a payment for the sale and purchase of houses, the seller and the buyer must discuss until they produce a mutual agreement based on the high price of the house.

For the amount of payment for AJB making, it is taken from 1% transaction value.

Return Certificate Name

The transfer fee for certificate names has a cost of up to 2% of the transaction value according to the local PP area.

How To Calculate Home Sale And Purchase Tax

Calculating Income Tax (PPh)

How to calculate PPh is not difficult, the calculation can be done using the following formula;

The total selling price of the house is the same as the land area X for land prices per m2 plus building area X for building prices per m2.

After that, the total selling price was multiplied by 5 percent.

As an example, Iwan wants to sell his house in Springhill Yume Lagoon with a land area of 250 square m and a building area of 150 square m.

To find out the income tax that must be paid by Iwan, until the calculation is as follows:

It is known that the land area is 250 m2 and the price per m2 is Rp800.000, 00. Then, the building area is 150 m2 and the price per m2 is Rp700.000, 000.

Hingga, PPh yang wajib dibayarkan oleh Iwan yakni sebesar Rp305.000.000 x 5%= Rp15,250.000.

How to Count BPHTB

When before starting to calculate BPHTB, the large value of obtaining Non-Taxable Tax Objects (NPOPTKP) purchased houses must be known.

For example, Joni bought a house in Virginia Park for IDR 494 million, with the NPOPTKP amount being IDR 40,000,000.00.

Until to find out that the BPHTB of houses is sold in Makassar, the calculation is that the number of selling prices for houses is reduced by NPOPTKP multiplied by 5%.

So, IDR 494,000,000 IDR 40,000,000.00 = IDR 454.00.000.00x5% of the proceeds IDR 22.700.000.00.

Method Of Calculating Building Earth Tax (PBB)

It is known that the house is sold below Rp1 billion rupiah, precisely at Rp305,000,000.00 so that the amount of NJKP is 20%.

On the other hand, the NPOPTKP as mentioned above is IDR 40,000,000.00.

Meanwhile, NJOP is the same as the total selling price of the house.

The method of calculating the UN can use the formula (NJOPNPOPTKP)X20%x0.5%.

So IDR 305,000,000.00' IDR 40,000,000.00= IDR 265,000,000.00x20%x5%= IDR 265,000.00.

VAT Count Method

There is also a calculation formula for recognizing the amount of VAT, which is 10% x the number of house sales.

So, it is known that the VAT that must be paid by the buyer of the house is IDR 30,500,000.00.

Well, that's the type and method of calculating the house sale and purchase tax.

So after knowing the types of house sale and purchase taxes, see other interesting news on VOI, it's time to revolutionize news!