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How to handle your assets?
How do you determine your capital? In order to answer this question, you need to look at what your assets are and what the cohesive debts are. Leave your details in our online contact form or call us at +31 (0)20 – 2170120 and we will get in touch to see if we can help you with filing the tax return.
Part of your assets is exempt from tax. The amount of this tax-free allowance is €50,000 in 2021. Do you have a tax partner? Then this tax-free allowance will double to €100,000.
So, for the calculation of the tax, you first have to calculate the assets and liabilities. You then deduct the tax-free portion thereof and what remains will be used as the tax base.
If you have a lot of savings, it is advisable to place these savings in a Besloten Venootschap (Private Limited Liability Company). The actual return received from the savings in the bank is often a lot less than the notional return with which box 3 works. This results in the fact that you pay more tax on your savings than you actually earn with them.
What is the advantage you get from moving the savings to a private company? In this case, your actual return is taxed instead of your notional return. A tip is to use the full tax-free capital in box 3 and to place the remaining savings in a BV.
We are happy to help!
Do you have questions about box 3 or the notional return? Or do you have other tax-related questions? We are happy to help! Please contact us using our information mentioned below.