The Tax Plan 2024 proposes to tighten the ovb/VAT concurrency exemption when purchasing new real estate through a share transaction in a real estate legal entity. As a result, no VAT and no OVB is due for new real estate that is used for 2% or more for taxed services for 90 years after the acquisition of the shares (think of hotels and supermarkets). The buyer of new real estate that is used for less than 90% for VAT-taxed supplies (exempt rental of homes or healthcare real estate) pays 4% OVB when acquiring the shares.
Source: www.fiscount.nl
Latest Posts in "Netherlands"
- Submitted audit files in the event of multiple tax fraud do not fall under informal privilege of advisers
- No VAT Deduction for Invoices After Third-Party Attachment in Transport BV Case
- Amsterdam Court: Compensable VAT May Be Included in Municipal Levy Cost Calculations
- No Right to VAT Deduction for Invoiced Services Without Proof of Supply
- Compensable VAT in Municipal Fees Does Not Breach Revenue Limit
