Property transfer tax for commercial buildings up

What changes?

The property transfer tax for premises that are not used for housing will go up from 6 to 8 percent. Examples of premises that will see the tax raised are office buildings, hotels or building plots for houses.

You pay property tax if you have bought or have been given immovable assets, such as an office building or land.

For whom?

• Entrepreneurs who own immovable assets, such as office buildings, hotels or building plots for houses.

When?

The change is expected to come into force on 1 January 2021.

Please note: The effective date of this measure is not yet final. Entry into force is subject to its passing through the upper and lower houses of parliament or proclamation of the Order in Council (Algemene Maatregel van Bestuur, AMvB) or ministerial decree and publication in the Staatsblad or the Staatscourant (in Dutch).