Dutch transfer tax
When do I have to deal with transfer tax?
What amount is the transfer tax calculated on?
Another important question is which part of the acquistion is taxed? How big is the amount and how is it calculated?
The main rule is that the acquisition price, i.e. the price you pay the seller, is used as the yardstick.
In practice, it regularly happens that a house is sold for a price that is not equal to the WOZ value (Value immovable property). Then, there may be confusion about the measure for the transfer tax. Two situations are outlined below:
- The price of a house is higher than the WOZ value: in this case, you pay transfer tax on the acquisition price of a house.
- The price of a house is lower than the WOZ value: in this case, you pay transfer tax on the WOZ value.
The amount on which the transfer tax is paid is always the highest value. In case the acquisition price is higher than the WOZ, the acquisition price is the amount over which the transfer tax is calculated and vice versa.
From 2021, starters between the ages of 18 and 35 can buy an owner-occupied home without having to deal with transfer tax. A condition is that the starters have not previously used the exemption. Next to age, there are other things you should be aware of regarding the transfer tax:
Due to the overheated housing market, the government is trying to give this group more advantage offer. However, the latter is debatable. An expected outcome of this is that house prices will rise to compensate for the transfer tax.
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Do you have questions regarding transfer tax? Or do you have other tax-related questions? We are happy to help! Please contact us for a free introduction using our details mentioned below.