Income from renting out apartments: Profit including expenses and taxes per year - 115 $248 (17.5%) Payback - 5 - 10 years
Income from purchase and sale after 5 years: Purchase price: $660,000 Sale price: $1,049,400 Profit: $389,400 (59%)
Expenses and taxes on the sale of the property are calculated individually and depend on various factors.
General 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 and real estate ownership - leasehold 27 years