Real Estate Performance News

Proposed 33% Transfer tax increase on Real Estate in the Netherlands per 1 January 2021

Tuesday 15 September is the day on which the reigning monarch of the Netherlands addresses a joint session of the Dutch Senate and House of Representatives to give the Speech from the Throne, setting out the main features of government policy for the coming parliamentary session.

Following announcements by the Ministry of Finance and coverage in the national media we expect a major change in transfer tax.

Last year the Dutch Government announced an increase from 6 to 7% on transfer tax for all non-residential real estate including offices, light industrial and warehouses. Now it seems they want to increase this to 8% per January 2021.

We will of course closely follow these changes and how they will impact your current and future real estate.

If you would like to discuss the impact of this measure on your properties or fast-track acquisitions before 1 January 2021, please go to Proptimize.

With a strong focus mainly on logistics, industrial and offices, encompassing both existing buildings and new developments, we are highly specialized and have in-depth knowledge not only of the ‘bricks and mortar’ but also, and above all, the market itself.