Hi This is my first post on the forum after using it in the past to research the possibility of building a villa in South Bali .
Well I have made the plunge now and am building two villas on land I have leased for 25 years. I have recently retired and my wife and I come to Bali about 4 times a year so the “build the villa’’ option seems to be what many of us do when we fall for the Balinese and their relaxed lifestyle.
One thing I have not been able to find a definitive answer to on the forum is regarding license and tax issues for VOA holders in our Villa situation.
If someone could help with these queries I would be very grateful
-We plan to either sell one Villa or lease it on a yearly basis depending on the market when the project is finished. We will use the other for ours and family/friends use (amazing how many ‘‘friends’’ you have when word gets around that you are building a Villa in Bali)
-If we sell one Villa lease what taxes are we liable for. I believe there is a building tax to be paid on completion of the Villas. Is there another ‘sales tax’ over and above that on the actual sale to a new leasor.? Or is there a capital gains type tax involved?
-If we lease the Villa out on a yearly basis what type of license do we need?
Also if there aren’t obvious answers to these questions can someone recommend an English speaking accountant or similar who could point me in the right direction
Your input will be gratefully appreciated
Cheers
Well I have made the plunge now and am building two villas on land I have leased for 25 years. I have recently retired and my wife and I come to Bali about 4 times a year so the “build the villa’’ option seems to be what many of us do when we fall for the Balinese and their relaxed lifestyle.
One thing I have not been able to find a definitive answer to on the forum is regarding license and tax issues for VOA holders in our Villa situation.
If someone could help with these queries I would be very grateful
-We plan to either sell one Villa or lease it on a yearly basis depending on the market when the project is finished. We will use the other for ours and family/friends use (amazing how many ‘‘friends’’ you have when word gets around that you are building a Villa in Bali)
-If we sell one Villa lease what taxes are we liable for. I believe there is a building tax to be paid on completion of the Villas. Is there another ‘sales tax’ over and above that on the actual sale to a new leasor.? Or is there a capital gains type tax involved?
-If we lease the Villa out on a yearly basis what type of license do we need?
Also if there aren’t obvious answers to these questions can someone recommend an English speaking accountant or similar who could point me in the right direction
Your input will be gratefully appreciated
Cheers