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Limitation of VAT deduction notary office due to positive interest income from third-party money account

A civil-law notary is obliged to maintain a trust account (also known as a trust account) in his name with a bank. This escrow account is exclusively intended for funds that the civil-law notary receives in connection with his activities as such. The notary is authorized to manage and dispose of the trust account, but the money in the account does not belong to the notary, but to the joint beneficiaries.

Source BTW Instituut

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