More options for reinvestment reserve (HIR)

What has changed?

Are you ending your business due to a government measure? For example, are you using a termination scheme? You can now also use the reinvestment reserve (HIR, in Dutch) if you end just a part of your business. And you may use the money to invest in another (second) business, for example.

The reinvestment reserve allows you to defer tax under certain conditions if you sell an asset at a profit. For example, you can use the reinvestment reserve to buy a machine or vehicle for your business. You do not have to pay tax on that portion of your profit yet. Previously, you were not allowed to use the reinvestment reserve for another (second) business.

For whom?

• entrepreneurs who end part of their businesses because of government measures

When?

The change in law has entered into effect on 1 January 2024.