Updated Real Estate VAT Decision Published by the State Secretary of Finance

• The Dutch State Secretary of Finance has published an updated Decree on Real Estate VAT.
• The update includes changes related to case law, regulatory changes, and policy changes.
• Several sections of the decree have been updated, including definitions of “real estate” and “building”.
• Clarifications have been made regarding the qualification of certain elements as buildings and the loss of building status through demolition.
• New sections have been added, including definitions of terms used in the regulation and guidelines for assessing the VAT regime for the transfer of undeveloped properties.
• Clarifications have been made regarding the determination of first use and phased use of buildings.
• The decree now includes provisions on the interaction between VAT and transfer tax in ABC transactions and the treatment of the transfer of undeveloped properties.
• A new provision allows for the recognition of limited rights in case of a lower compensation due to market conditions.
• The transitional provisions have been updated.

Source: taxence.nl

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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