Income from renting out apartments: l Profit taking into account expenses and taxes per year - $31,877 (14.6%) Payback - 5-10 years
Income from buying and selling after 5 years: Purchase price: $265,000 Selling price: $421,350 Profit: $156,350 (59%+)
Costs and taxes for the sale of an object are calculated individually and depend on various factors.
General expenses and taxes: Notary fee 1% (shared 50/50 with buyer) Tax on the sale of an object 11% (shared with the buyer 50/50) Income tax for Indonesian resident (10%) Income tax for non-resident Indonesia (20%)
Conditions for owning real estate: Type of land and real estate ownership - leasehold 27 years
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