The Tax Plan 2024 bill contains a proposal to amend the concurrency exemption in the OVB legislation in the sense that at least the levying of ovb (4%) takes place when new immovable property or rights to which it is subject via a (qualifying) shareholding if the underlying new immovable property is used for less than 90% for VAT-taxed services at that time or that occurs within two years after the moment of acquisition.
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Application of transitional law
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Masterclass real estate taxation
Source: www.taxence.nl
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