Transfer tax 2021: what will change?

Budget Day 2020 has been a pleasant surprise for many starters and existing homeowners on the housing market. The cabinet made an intended decision to exempt starters and existing homeowners on the housing market from transfer tax as of 2021. Existing homeowners?! Indeed, the exemption can also be used by buyers who already bought a house before. But be aware! The intended decision still has to be approved by the Upper and Lower House. What exactly does this intended decision mean?

Requirements

The intention is to exempt starters and existing homeowners on the housing market from transfer tax. To be eligible for this exemption, you should meet the following requirements. Here, we will tell you what those are.

  • You are between 18 and 35 years old;
  • You are going to buy a house;
  • This is the first time you receive an exemption for transfer tax and you capture this in a declaration;
  • You declare that you meet all the requirements for the transfer tax exemption, and you make the declaration at a notary.
  • You will be living in the house yourself and you capture this in a declaration.

My partner is older than 35 years old. What to do?

If you are going to buy the house together, your partner has to pay a 2% transfer tax on his part of the house.

I have bought a house before. Can I make use of the transfer tax exemption when buying another house?

In this case, you are an existing homeowner. You can make use of the transfer tax exemption when you never used one before. Besides that, you should meet all the other requirements. It is important that you want to use the exemption for buying an owner-occupied home.

What does this mean for investors?

For investors the transfer tax increases. They will have to pay 8% instead of 2%.

We are happy to help!

Do you have any questions regarding the transfer tax? Or do you have other tax-related questions? We are happy to help. Please contact us using the information mentioned below!

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