The Netherlands is seeking input on draft legislation designed to close a tax loophole that currently allows property to be sold without incurring either sales tax or transfer tax.
In a consultation opened Monday, the Netherlands said new legislation would end the current scenario where buyers can exploit an exemption in the share transfer tax if they purchase a shareholding in a real estate entity.
The government announcement said that:
- The bill would form part of the 2024 tax plan package and, if approved, take effect in January 2024;
- If approved, the change would raise roughly 155 million euros ($164 …
