Wealthy parents rushing to gift money for home purchase before tax increase
2 years, 4 months ago

Wealthy parents rushing to gift money for home purchase before tax increase

NL Times  

Notaries are seeing a flood of wealthy parents rushing to gift their children 106,671 euros tax-free for purchasing a home or paying off a mortgage before that tax exemption disappears next year, NOS reports. “People are really engaged in it; we get a lot of questions,’ said Lucienne van der Geld of Netwerk Notarissen, which has about 150 offices. “Their child does not yet have immediate purchase plans, but with that, they keep the option open.” The Dutch government implemented the “tax-free ton” in 2013 to stimulate housing sales, which were lagging in the aftermath of the credit crisis. “It is an important step that contributes to a fairer playing field among starters and reduces inequality,” said Housing Minister Hugo de Jonge.

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History of this topic

Family gifting for house purchases to hit record £9.2bn this year, finds survey
6 months, 2 weeks ago

Family gifting for house purchases to hit record £9.2bn this year, finds survey

The Independent  

Sign up to our free money newsletter for investment analysis and expert advice to help you build wealth Sign up to our free money email for help building your wealth Sign up to our free money email for help building your wealth SIGN UP I would like to be emailed about offers, events and updates from The Independent. The research …

First time buyers can borrow more, but the €106,000 tax free gift is going
3 years ago

First time buyers can borrow more, but the €106,000 tax free gift is going

Dutch News  

Coalition party ChristenUnie wants to stop the government pressing ahead with mortgage market reforms which would allow couples to fully count both their incomes in a mortgage application, the Financieele Dagblad reported on Wednesday. Donation The government is also planning to scrap the tax free gift which parents can give their offspring to help them buy a house from next …

First time buyers can borrow more, but the €106,000 tax free gift is going
3 years ago

First time buyers can borrow more, but the €106,000 tax free gift is going

Dutch News  

Coalition party ChristenUnie wants to stop the government pressing ahead with mortgage market reforms which would allow couples to fully count both their incomes in a mortgage application, the Financieele Dagblad reported on Wednesday. Donation The government is also planning to scrap the tax free gift which parents can give their offspring to help them buy a house from next …

The housing crisis has just taken an even more frightening turn thanks to the so-called Bank of Mum and Dad
8 years, 10 months ago

The housing crisis has just taken an even more frightening turn thanks to the so-called Bank of Mum and Dad

The Independent  

The best of Voices delivered to your inbox every week - from controversial columns to expert analysis Sign up for our free weekly Voices newsletter for expert opinion and columns Sign up to our free weekly Voices newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Yet polls also find that inheritance …

People with savings up to €100,000 to pay less tax
9 years, 6 months ago

People with savings up to €100,000 to pay less tax

Dutch News  

People with savings of up to €100,000 are to pay less tax on them than people with large amounts of private capital, the Financieele Dagblad says on Friday. The paper says VVD ministers have agreed to change the way the tax on assets is calculated in exchange for allowing people to give more of their money to family members tax …

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