19 September 2022
Transfer tax changes 2023
Özkan Karakol
Financial Specialist

The Dutch government announced transfer tax amendments starting on 1st January 2023. How will the transfer tax changes affect first-time home buyers and investors?

First-time home buyer

First-time home buyers between 18-35 years old are exempt from paying a transfer tax of 2%. If you plan to buy a home valued at less than €400.000, you do not need to pay the transfer tax of 2%.

From 1st January 2023, the home's value increases from €400.000 to €440,000. To qualify for the tax exemption, the first-time home buyer must:

  • Age requirements: the buyer is of age (18) and under 35 years of age.

  • The buyer is not allowed to rent and must be a primal occupational resident of the property.

  • The buyer is entitled to use the transfer tax exemption once in a lifetime.

  • The value of a home cannot exceed €400.000. From 1st January, a maximum of €440,000. 

     

Buy to let investors

The Dutch government announced an increase in the transfer tax for buy-to-let houses in 2023 to fight an existing problem- a shortage in the housing sector.

The transfer tax to property investors will increase from 8% to 10.4 % as of 1st January 2023.

  • You must contribute 30 % of the property price from savings or equity from an existing property.

  • You need to be registered and live and work in the Netherlands.

  • Pay a transfer tax of 8% ( from 2021, the transfer tax increases to 10.4%).

  • Satisfy the criteria of the Purchase Protection Act. Dutch cities prevent investors from taking away homes from first-time home buyers. Find dour about requirements per municipality here.

Do you have questions about transfer tax changes?
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