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Netherlands – Property Taxes

Taxes and fees are an important aspect to consider when buying or selling a property in the Netherlands. Here is an overview of the typical taxes and fees involved in the process.

Property Tax

  • The property tax (Onroerendezaakbelasting, OZB) is an annual tax that is paid by the property owner.
  • The tax is based on the estimated value of the property, which is determined by the local municipality.
  • The tax rate is set by the municipality and can vary depending on the type of property and its location.

Capital Gains Tax (CGT)

  • Capital gains tax (Belasting over de Toegevoegde Waarde, BTW) is a tax that is levied on the profit made from the sale of a property.
  • The tax rate is equal to the income tax rate, which ranges from 36.55% to 49.50%.
  • If the property was used as the primary residence of the seller for at least two years, the first €500,000 of the profit is exempt from CGT.

Inheritance Tax

  • Inheritance tax (Erfbelasting) is a tax that is levied on the transfer of property through inheritance.
  • The tax rate is dependent on the relationship between the deceased and the beneficiary, with a lower rate for closer relatives.
  • The tax is paid by the estate of the deceased and can be reduced or waived if the estate is bequeathed to a close relative.

Gift Tax

  • Gift tax (Schenkbelasting) is a tax that is levied on gifts that are given to individuals.
  • The tax rate is equal to the inheritance tax rate, with a lower rate for gifts to close relatives.

Tax on Property Income

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  • The tax on property income (Vastgoedbelasting) is a tax that is levied on rental income from property.
  • The tax rate is equal to the income tax rate, which ranges from 36.55% to 49.50%.
  • Property owners are required to report their rental income and pay the tax annually.

Tax Advantages in Buying a House in the Netherlands

  • The Netherlands has a number of tax advantages for home owners.
  • For example, mortgage interest is tax deductible, which can result in a lower tax bill.
  • Additionally, property owners are eligible for a tax credit for energy-saving improvements made to their home.

Links to websites for further information:

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