- The Dutch State Secretary of Finance has published an updated Decree on Real Estate VAT.
- The update includes changes related to case law, regulatory changes, and policy changes.
- Several sections of the decree have been updated, including definitions of “real estate” and “building”.
- Clarifications have been made regarding the qualification of certain elements as buildings and the loss of building status through demolition.
- New sections have been added, including definitions of terms used in the regulation and guidelines for assessing the VAT regime for the transfer of undeveloped properties.
- Clarifications have been made regarding the determination of first use and phased use of buildings.
- The decree now includes provisions on the interaction between VAT and transfer tax in ABC transactions and the treatment of the transfer of undeveloped properties.
- A new provision allows for the recognition of limited rights in case of a lower compensation due to market conditions.
- The transitional provisions have been updated.
Source: taxence.nl
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
