Inheritance tax Netherlands
If you receive an inheritance, you want to make sure that you are left with as much money as possible. Perhaps you live abroad and the testator lived in The Netherlands. Or if you live in The Netherlands and the testator lives abroad, then you will need to pay inheritance tax in the country of residence of the testator. The rate that must be paid in the inheritance tax return depends on the relationship with the deceased and the amount inherited.
Inheritance tax Netherlands
When is it recommendable to hire an international tax advisor?
- When you want to transfer your inheritance from abroad (and social security benefits) to the Netherlands;
- If you live in the Netherlands and received an inheritance from abroad and need help filing a declaration on box 3 assets;
- If you need help with the F-form;
- If you need help declaring your inherited wealth in your income tax return;
- If you have inherited a property abroad.
In the situations mentioned above it is wise to let an international tax advisor have a look at your situation. We can advise you on the possibilities according to the Dutch and treaty tax rules and look after your tax returns. For advice regarding the national tax system of another country, a local advisor will have to be employed, who knows all the ins and outs of this. We are in possession of a vast, international network of advisors.
How can we help you?
Suurmond Tax-Consultants has been advising expats and individuals for more than 35 years. After contacting us it will become clear whether we are the right party to help you.
In a contactform or an e-mail you can explain your situation and ask us any questions you may have. Your situations will be looked at by one of our advisors. On the basis of this, the tax advisor will come back to you for further details. Our hourly rate ranges from €175 to €285 excl. 21% VAT.
If you agree, then the advisor will look at the different aspects which apply to your situation and which elements are important to work on. Then a proposal is made with all the elements included on which you need advice and guidance.
After this, we will update you on the amount of hours which we expect will be required. It is not always easy to make an accurate estimate as we are dependent on information and details from your side as well. In addition, how your case will proceed depends on the response of the tax inspector as well to our argument. If required, a consultation can be set up online or at our office.
The importance of hiring an international tax advisor
If you have received an inheritance from The Netherlands, or the other way round, you will want to know for certain that what you are doing is done correctly, as you must be compliant. The Tax Office can impose high penalties if your affairs aren’t in order and correctly presented.
At our office you can be certain that you will be supported by experienced advisors who will provide you with relevant tax advice.
Depending on your situation an inheritance tax return can be filed and the adjusted income can be declared for the deceased with an F-form. In the most diverse circumstances we are committed to providing complete tax advice.
If you receive an inheritance you may need a certificate of succession. Read here when it is required to have one.
Who are Suurmond Tax Consultants
Since 1986 expat and business tax advice in relation to the Netherlands is one of our expertises we provide to our individual and/ or business clients.
In addition, we can also assist in a variety of other cross-border situations. We will ensure you are compliant as well as pay no more tax than needed. Examples include advising clients as to starting a business in The Netherlands, accounting, property tax, and amnesty ruling. We file all types of tax returns and specialise for example in the 30% ruling and 183-days rule consequences. The value we can add with our fiscal advice, is a key focus point to us. Also, what should not be overlooked, is the fact that a correct tax return will prevent future issues and penalties. This is essential when moving to a new country, or when setting up a business in a new country.