Thinking of buying a piece of land or property in Bali as an investment? Fantastic choice! But before you dive into those turquoise waters, let’s make sure you don’t trip over any hidden coral. Land/property transactions in Bali can be as complex as finding the perfect wave on a crowded beach. Especially for foreigners. But…
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In Indonesia, property transactions involve specific taxes, especially when the ownership status shifts from freehold (Sertifikat Hak Milik/SHM) to leasehold. This situation commonly arises when a foreigner purchases property, as Indonesian law strictly prohibits foreign individuals from owning land under freehold status. Instead, the property is converted to a leasehold for a specified period, typically…
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When dealing with property transactions in Indonesia, it’s crucial to understand the tax implications based on the type of property ownership—leasehold or freehold. Each ownership status carries distinct tax rates and obligations for both the seller and the buyer, and being informed can help you navigate the financial aspects of your real estate transactions more…
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