Good for each other

This article previously appeared in Het Ondernemsbelang For real estate owners, Box 3 is a calculation model that directly impacts return, financing, rental strategy, and timing of sale. For years, the complaint was uniform: those who held real estate privately were taxed as if the assets generated a fixed return, even if the actual cash flow was lower. That system has shifted legally and politically. The major reform is now no longer scheduled for 2027, but for January 1, 2028, provided the legislative process is fully completed. Precisely for this reason, 2027 will be a preparatory year.

The month of May has just started. The second quarter is therefore already well underway. Accountants are busy preparing the annual accounts (or perhaps have already completed them). This is the time of year for entrepreneurs to take action if a restructuring through a legal merger or legal demerger is desired. Below, we explain how this works.

The Dutch power grid is at capacity. That is hardly news anymore, except when an entire city like Utrecht can no longer handle any more, as became apparent last month. What is new, however, is that grid congestion has shifted in two years from a technical grid operator problem to a legal contractual problem, and that the logistics real estate market is not yet sufficiently geared towards this. Anyone who, as an investor, developer, or tenant, closes a transaction today without seriously addressing the legal dimension of capacity is pricing in risk, not value.