Talking about Prince's Day and upcoming changes in the tax system, we mentioned about the government's plans to significantly reduce jubelton in 2023 and completely eliminate this benefit in 2024. From January 1, 2023, the tax exemption will be only 27.231 euros. However, if something is done in the current year, it is possible to get the opportunity to use jubelton in 2023 in the same volume.
What is jubelton?
Jubelton is the tax-free amount that your parents, grandparents, uncle/aunt can help you buy a home. People from 18 to 40 years old can receive such a tax-free gift. Money is allowed to be used only for the purchase of housing, repairs, mortgage repayment, land for a house. Max jubelton size in the current year is 106.671 euros.
How to take full advantage of jubelton in 2023?
Previously, jubelton could be spread over three years, meaning that instead of giving 100.000 euros all at once, the money could be transferred gradually over three years. Now, not three years remain in stock, but only the time until January 1, 2024. However, those who designate the gift as jubelton in 2022 will be able to increase its amount in 2023 to 106.671 euros. If you don't, release will limited to 27.231 euros next year.
The tax authorities are of the opinion that this year you must give at least the amount of the annual gift tax exemption + 1 euro to be able to increase the size of the jubelton next year to 106.671 euros. This means that the amount of a gift for a child in 2022 should be minimum 5678 euros, and when donating to other persons - at least 2275 euros. Don't forget to file a special declaration and request tax exemption by March 1, 2023, indicating jubelton on it. As usual, if you have any questions or difficulties, we are ready for you help Nalog.nl specialists.
Publication Date: 01.11.2022
