TRANSFER TAX EXEMPTION WILL BE INCREASEDIN 2023
TRANSFER TAX EXEMPTION WILL BE INCREASEDIN 2023
Good news for home buyers! The starter exemption will be increased from €400,000 to €440,000 as of January 1, 2023. So, are you between 18 and 35 years old and looking for a home to buy? Then you may be eligible for the starters’ transfer tax exemption. This means that you do not have to pay transfer tax when you purchase a home. We will tell you exactly what it means in this blog.
Good news for home buyers! The starter exemption will be increased from €400,000 to €440,000 as of January 1, 2023. So, are you between 18 and 35 years old and looking for a home to buy? Then you may be eligible for the starters’ transfer tax exemption. This means that you do not have to pay transfer tax when you purchase a home. We will tell you exactly what it means in this blog.
Increase in starters' exemption from transfer tax for 2023
As of January 1, 2023, the starter exemption will be increased from €400,000 to €440,000. Are you currently purchasing a home, but are you unable to obtain financing? And is the purchase price just above € 400,000? Then talk to your broker and ensure that the transfer does not take place until 2023. If you meet the conditions, this can make all the difference in getting the house financed! We have listed these conditions for you below.
Conditions for starters’ exemption
- You are between 18 and 35 years old.
- You buy a home for a maximum of € 440,000.
- You can demonstrate that you will live in the house for a longer period of time.
- You have not used the starter’s exemption before.
To make use of this starter exemption, you need a Transfer Tax Declaration for starters exemption. You hereby declare that you meet the conditions for the exemption. Are you curious whether you meet these conditions, or do you have other questions? Please contact us for free and without obligation!
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