First time buyers can borrow more, but the €106,000 tax free gift is going
Dutch NewsCoalition 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 year. Tax minister Marnix van Rij said on Tuesday that the €106,000 gift will be cut to a maximum of €27,231 from 2023. Nevertheless, as parents could already give their children €27,231 tax free to spend on what they like, the house premium has effectively been eliminated, Van Rij told MPs. Housing minister Hugo de Jonge said the decision is an ‘important step which contributes to a more level playing field between first time buyers and will reduce inequality.’
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Wealthy parents rushing to gift money for home purchase before tax increase
NL Times
First time buyers can borrow more, but the €106,000 tax free gift is going
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