Acquisition of Land and Building

Duty on the acquisition of land and building rights A transfer of land and building rights will typically also give rise to Duty on the acquisition of land and building rights (Bea Pengalihan Hak atas Tanah dan Bangunan/BPHTB) liability for the party receiving or obtaining the rights. Qualifying land and building rights transfers include sale-purchase… Read More

Tax on Transfer of Land and Building

A transfer of land and building will cause income tax on the deemed gain on the transfer/ sale to be charged to the transferor (seller). The tax is set at 5% of the gross transfer value (tax base). However, for transfers of simple houses and simple apartments conducted by taxpayers engaged in a property development… Read More