Income from renting out apartments: Profit taking into account expenses and taxes per year - $31,877 (15.7%) Payback - 5 - 10 years
Income from purchases and sales after 5 years: Purchase price: $203,000 Sale price: $322,770 Profit: $119,770 (59%+)
Expenses and taxes for the sale of a property are calculated on a case-by-case basis and depend on various factors.
Total expenses and taxes: Notary fee 1% (shared with the buyer 50/50) Tax on the sale of the property 11% (shared with the buyer 50/50) Income tax for an Indonesian resident (10%) Income tax for a non-resident Indonesia (20%)
Conditions of real estate ownership: Type of land ownership and real estate - leasehold 27 years