Knowledge Base

Welcome to the Expatax Knowledge Base containing hundreds of answers to questions we received about topics concerning tax, payroll, accounting, legal, business etc. related to the Netherlands. Search in our Knowledge Base or browse the different categories. Expatax is a Dutch tax and accounting firm specialized in assisting international workers, freelancers and companies. Don't hesitate to contact us if you need assistance or check our website.

Are certain assets exempted from taxation in Box 3?

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
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).
Attached Files
There are no attachments for this article.
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: 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:
Security Code Security Code
Related Articles RSS Feed
Are there specific tax credits or tax allowances for entrepreneurs?
Viewed 58064 times since Thu, Jun 6, 2013
My partner has no income, is she entitled to a refund or tax credit?
Viewed 23944 times since Tue, Dec 13, 2011
The Dutch tax authorities refuse to speak to me in English on the phone. Is that allowed?
Viewed 13610 times since Tue, Jan 31, 2012
How long do I have to keep my financial administration?
Viewed 4523 times since Sun, Dec 11, 2011
Dutch taxation on uk properties
Viewed 3577 times since Fri, Aug 30, 2013
Tax rate and tax brackets in the Netherlands - how is tax calculated?
Viewed 15372 times since Tue, Feb 14, 2012
What is a non resident taxpayer?
Viewed 13229 times since Fri, Nov 25, 2011
Freelance tax return and 30% ruling
Viewed 3599 times since Sat, Feb 23, 2013
My child is earning an income. How will it be taxed?
Viewed 2462 times since Sun, Apr 1, 2012