色花堂

Hi and welcome to the Forum.

I'm not a tax/financial expert.聽 Yes, you have to declare all your worldwide interests.聽 How these are assessed will be affected by any tax treaty between the 2 countries, in most cases, you are protected from double taxation.聽 One area that catches us all out is Dutch social taxes, these are assessed on your worldwide income and are explicitly not covered by any tax treaty; you will pay them.

My advice is to speak to a Dutch tax expert and use their skills to make sure you claim all the tax breaks available to you.

I hope this helps.

Cynic

色花堂 Team

@Joana Valenca de Sousa As far as I am aware, you would declare it only on the 2023 form as you did not own it on 1 January 2022 (that goes for both the worldwide income statement if applicable and the main tax return); it's basically a snapshot of your wealth on 1 January of the year that you are filing. When the time comes for the 2023 form (in 2024), if you have income and pay tax on the property abroad, you should be able to exempt that amount on your return via the double taxation agreement that Netherlands has with that country. I'm no expert though; I would seek advice on it if you need it.

When assessing property in The Netherlands for tax purposes the Dutch tax authorities base any assessment on the WOZ value - an annually updated value of every Dutch property (so for example if you bought a house 20 years ago the WOZ value of the property will have gone up in most years in line with local house price inflation and maybe some other correcting factors).聽 聽

The 'tax value assessment' for foreign properties doesn't work that way because most countries don't publicly revalue every property every year.聽 聽Obviously you can get a private valuation if that's in your interests or proves necessary. I owned a property in the UK on which I had to pay Dutch tax occasionally (I've held various tax statuses in the NL over the years).聽 My tax advisers were somewhat confused by the lack of WOZ (bless them) but accepted my 'rateable value' as an appropriate figure.聽 This 'rateable value' is the publicly available figure on which UK local property taxes are based.聽 At the time it was about 30% of the market value.聽

Hi Joana,

at Maguire Tax & Legal we help many expats living in The Netherlands with their tax returns and tax planning.聽 You can find our details in the Business Directory listing top of the page.聽

Hi Joana,
at Maguire Tax & Legal we help many expats living in The Netherlands with their tax returns and tax planning. You can find our details in the Business Directory listing top of the page. - @Maguire T&L

This is a 2 year old post.

@SimCityAT

We still enjoy helping expats

@SimCityAT
We still enjoy helping expats - @Maguire T&L

Much appreciated, but I doubt you'll get a response from the OP. She only made one post and was never to return.