April 1: the transfer tax rules

April 1, 2021, the start date of new regulations regarding the purchase of a house and the associated property transfer tax. From this date, an exemption from the transfer tax applies for a home with a maximum sale price of € 400,000, on the condition that the buyers are between 18 and 35 years old. The government has set this upper limit to prevent the higher segment from being stimulated to buy houses without transfer tax. This favorable scheme is specifically intended for starters on the housing market, so that they too get a chance to buy a home.

No transfer tax from April 1, 2021

Anyone between the ages of 18 and 35 and who buys a house between January 1st and 31 March 31st of this year pays no transfer tax. This 0% rate applied to every owner-occupied home regardless of the purchase price. As of April 1, you will not pay any transfer tax for a maximum purchase amount of € 400,000. As a starter, do you buy a house that is more expensive? Then you pay 2% transfer tax on the purchase price. The condition is that you become the residents of the owner-occupied home in all situations

Exemption to use once

The exemption from the transfer tax can only be used once but applies to everyone between the ages of 18 and 35. Have you previously bought a home but have not used this exemption? Then you do not pay transfer tax when purchasing a home under € 400,000.

One partner over 35 years old

Do you buy a house together and is one of the two partners older than 35 years, while the other falls in the 18-35 age category? The exemption from transfer tax is personal. In this case, you pay 0% transfer tax on half of the purchase price, and the rate of 2% on the other half.

Only live in the purchased home yourself

To be eligible for the exemption from the transfer tax to be paid, you must live in the house yourself and be between 18 and 35 years old at the time of passing by the notary. You must also have this recorded in writing at the notary. The exemption may only be used once.

Buying a property as an investment

Are you buying a property or home as an investment? Then you pay 8% transfer tax at the notary. Are your parents buying a home for you and your partner? They also pay this 8% rate

Find out about other beneficial changes to a 2021 mortgage.

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