Politicians ask questions about differentiated transfer tax

Can the challenges facing the notary profession be adequately addressed? Are notary fees for first-time buyers expected to rise? The House of Representatives' Finance Committee submitted these and other questions to State Secretary for Finance Hans Vijlbrief during the consideration of the Transfer Tax Differentiation Bill.

This bill was submitted on Budget Day and raises several questions. The committee submitted several questions from the notarial profession for the Report . The Royal Dutch Association of Civil-Law Notaries (KNB), the Association of Estate Planners in the Notary Profession (EPN), and the Network of Civil-Law Notaries, among others, submitted questions to members of the House of Representatives. The KNB also submitted its questions regarding the application of the new statutory regulation to the Ministry of Finance and the Tax and Customs Administration. The KNB will report on these matters after they have been answered.

Declaration process
Furthermore, the Royal Dutch Notary Association (KNB) held several discussions with the Ministry of Finance and the Tax and Customs Administration regarding the bill's implementation. These discussions focused primarily on the structure of the transfer tax filing process. This requires adjustments to the filing systems used by notaries and the Tax and Customs Administration. The KNB indicated that close coordination with notaries is essential to achieve an efficient filing process with minimal administrative burden for the notarial profession.

Statements
The format of the written statements that will be introduced for the application of the starter's exemption and the low rate (2 percent) was also discussed. These statements, which will soon be required to be completed by homebuyers, will be prepared by the Tax and Customs Administration and published on its website. The bill states that the notary will not be substantively responsible and/or liable for the statements. The method of submission is still under discussion between the Royal Dutch Tax and Customs Administration (KNB) and the Tax and Customs Administration.