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:
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Age criteria: The buyer is 18 years old and below 35 years of age.
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The buyer must not rent and should be the primary occupant of the property.
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The buyer can use the transfer tax exemption only once in their lifetime.
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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:
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You are required to provide 30% of the property price through savings or equity from an existing property.
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You must be registered and reside and work in the Netherlands.
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Pay a transfer tax of 10.4%.
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Meet the Purchase Protection Act criteria, as Dutch cities aim to prevent investors from acquiring homes meant for first-time buyers.
