18 December 2023
Transfer tax changes in 2024
Egle Kemezyte
Growth Marketer

Starting January 1, 2024, the Dutch government is changing things for homebuyers. If you're between 18 and 35 and buying a home below €510,000, you will not pay 2% in property transfer tax.

First-time home buyer

The property transfer tax for first-time homebuyers rises from €440,000 to €510,000. If you're between 18 and 35 and purchasing your first home valued at up to €510,000, you can enjoy a 2% transfer tax exemption.

To be eligible for the tax exemption, the first-time homebuyer needs to:

  • Age criteria: The buyer is 18 years old and below 35 years of age.

  • The buyer must not rent and should be the primary occupant of the property.

  • The buyer can use the transfer tax exemption only once in their lifetime.

  • The home's value must not exceed €510,000.

     

Buy to let investors

The property transfer tax for buy-to-let investors stays the same at 10.4% in 2024. In 2023, the Dutch government declared a hike in transfer tax for buy-to-let properties to address the ongoing housing shortage. Requirements for buy to let in 2024:

  • You are required to provide 30% of the property price through savings or equity from an existing property.

  • You must be registered and reside and work in the Netherlands.

  • Pay a transfer tax of 10.4%.

  • Meet the Purchase Protection Act criteria, as Dutch cities aim to prevent investors from acquiring homes meant for first-time buyers.

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Sezer Yilmaz
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Robin Uijtdehaage
Client Director & Financial Specialist
Egle Kemezyte
Growth Marketer
Lisa Grondsma
Financial Specialist