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Costs associated with Buying & Selling Houses

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  • Costs associated with Buying & Selling Houses

    In 2015? I recall there was a Government drive to increase taxes & duties for transactions involving sale of 'Luxury' properties - There was a lot of talk at the time that this would slow the housing market right down and result in LESS tax revenues for the Government - does anyone know if such additional 'luxury taxes' on housing transactions were in fact fully implemented and if yes, how are they calculated and applied?

  • #2
    Originally posted by Perplex78 View Post
    ... does anyone know if such additional 'luxury taxes' on housing transactions were in fact fully implemented and if yes, how are they calculated and applied?

    I don't know and I think you will not find an anwer if you search in this Forum .

    I suggest you to search the internet and/or ask few real estate agents / PPAT notaries .


    https://www.akseleran.co.id/blog/pajak-jual-beli-rumah/ (Jun 2020 , How to Calculate Taxes for Buying a Home)
    Last edited by marcus; 3 weeks ago.

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    • #3
      Thank you Marcus, I appreciate you taking the time to guide me in the right direction. I spoke with and agent from one of the larger real estate companies today and he said an additional luxury tax WAS implemented, originally affecting houses priced above IDR 5Billion - but due to the uproar it caused the threshold has been subsequently amended and is now around IDR30 Billion - so I guess I should count myself 'lucky' that our house is nowhere near that value. Unfortunately he didn't know what the actual luxury tax tariffs would be for houses over IDR30Billion and whether they were flat or tiered - but suggested most PPAT notaries would or should know.

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      • #4
        I should have your problems.

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