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Are certain assets exempted from taxation in Box 3?

Question:
 
I‘m wondering if there is any place savings could be placed that would not be taxable by box 3. Gold for example? Art?  Thanks
 
Answer:
 
In box 3 your savings and investments are taxed. These include most of your possessions, like bank accounts, shares, cash money (with an exemption up to € 512 per fiscal partner - 2012) and valuables. Also immovable property, with an exemption for the property which is used as your main residence.
 
Other exemptions are for example so called green investments (up to € 56,420 per fiscal partner) and movable property which are used for personal purposes. Movable property is for example art, a car, furniture etc. Be aware that if these assets are not bought for personal use but as an investment, that the they will become taxable in box 3. The dividing line can be difficult to determine. This depends on the amount of assets you have bought and the specific qualities of the assets, for example a collection of antique cars or old paintings. A couple of paintings or pieces of art is not a problem. But it is up to the tax authorities to proof that a collection is considered to be an investment.
 
Other exemptions include a funeral insurance, woods, capital insurance which only pays out in case of disability, illness or accident and some other less common assets.
 
Besides the exemptions a tax free threshold is applicable for each fiscal partner of € 21,139 (2012).
 
 
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Comments (4)
Comment by Stephen on Sun, Aug 7th, 2016 at 9:00 PM
Is there a legal definition for "Green Investments"? For example if I bought shares in an ETF targeted at renewable energy sources, would that qualify?
Comment by Arjan Enneman on Tue, Aug 9th, 2016 at 2:34 PM
The tax authorities define green investments on their website as follows: "Green investments are investments in funds that participate in projects for environmental protection." This is a broad definition. However, to narrow it, only participations in certain green investment funds which are mentioned on a specific list will lead to a tax exemption. This list is relatively small and only contains Dutch funds, mainly from the known Dutch banks and some foundations. You can always ask the investment fund you are looking at whether they are included on the list from the tax authorities and therefore are tax exempted.
Comment by Stefan on Wed, Aug 17th, 2016 at 5:37 PM
I am investigating this subject also. I found a list of banks with green funds here: http://www.rvo.nl/subsidies-regelingen/regeling-groenprojecten/banken-met-een-groenfonds When I move to the Netherlands I will talk to some of these banks and find out who has the best fund. No way I am going to give up my money to stupid Box 3 tax :-/
Comment by Stefan on Thu, Aug 25th, 2016 at 12:39 AM
Finally, it looks like I found a list of the qualified green funds in a PDF here: http://www.belastingdienst.nl/wps/wcm/connect/bldcontentnl/themaoverstijgend/brochures_en_publicaties/overzicht_fondsen_en_beleggingen_met_belastingvoordeel
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