On February 27, 2023, the draft Real Estate Equity Transactions Bill was released for consultation. The bill includes an adjustment whereby the transfer tax exemption due to concurrence with VAT can no longer be invoked (as of 1-1-2024) if that acquisition is the result of a share transaction.
In short, this means that the supply of shares in a ‘real estate company’ will become subject to Dutch transfer tax (Dutch: overdrachtsbelasting).
Webinar March 9, 2023
Want to know more about this issue? Less Grey is hosting a Webinar on this issue on Thursday, March 9, 4:00 p.m. You can register via this LINK.
Source: Less Grey
Latest Posts in "Netherlands"
- No Compensation for Late Decision on VAT Refund
- VAT Exemption for STI and HPV Test Kits as Healthcare Services
- Option for VAT-Taxed Rental Invalid Where Part of the Property is Sub-Let VAT-Exempt – No Input VAT Recovery for Tenant
- Hoge Raad Confirms Justified VAT Assessments on Gold Trader (Art. 81 RO) – Failure to File “Required Returns” Reverses Burden of Proof
- VAT Exemption Applies to Self-Test Kits for STIs and HPV Offered by Commercial Provider
