Assets in box 3

In box 3, the income from savings and investments in the Netherlands is taxed. If you do not live in the Netherlands, only certain assets and liabilities fall under taxable income from savings and investments. Generally, this involves immovable property in the Netherlands, for example your holiday home. Your Dutch bank account or annuity insurance taken out in the Netherlands and such are not taken into consideration.

Calculation of income

The capital is the difference between the value of your assets and the value of the liabilities relating to these assets. The reference date is 1 January. This amount is referred to as the savings and investment basis. We consider an annual rate of your savings and investment basis to be your assumed annual return on these assets. This is referred to as the fixed yield. Your actual earnings are not relevant. On this assumed return you then pay 30% income tax.

Assets that are considered capital

You must state the following assets that you have in the Netherlands:

  • immovable property that is located in the Netherlands
    This is immovable property that cannot be considered as your owner-occupied home, for example a holiday home or a leased building in the Netherlands. If you have an owner-occupied home in the Netherlands, you must state that income ensuing from it in box 1.
  • rights to immovable property that is located in the Netherlands
    Rights that directly or indirectly relate to immovable property in the Netherlands, for example a right of usufruct or ground lease.
  • rights to shares in the profit of an enterprise in the Netherlands
    It concerns enterprises of which the management is established in the Netherlands. It does not concern rights that result from securities holdings or employment. Furthermore, the rights may not have been stated in boxes 1 and 2 before.

Liabilities

Liabilities that relate to your assets are included in the calculation of the capital. For example, a mortgage loan on a holiday home in the Netherlands.

Example

The value of your assets and liabilities is € 50,000 on 1 January. In that case, the savings and investment basis is € 50,000. The fixed yield is up to and including 2016 set at 4% of € 50,000 = € 2,000. This amount is the taxable income from savings and investments. On this you pay 30% in tax.

 

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