Property acquired by a person who owns property in the Netherlands is taxable (recht van sucessie). Several additional kinds of transfer of land, e.g. gifts from a testator within 180 days before death and earnings from a life insurance arrangement for which the testator pays the insurance premiums, are considered as a patrimony for tax reasons. Property obtained through heritage must, at fair value, at the time of the death of the testator be assessed, with reduced liability (debts like tax, funeral and other expenses). adhunt
Different heritage tax rates apply depending on the connection between the heir and beneficiaries:
Category I – spousal transfers, cohabitants and children: 10% to 20%
Category II – transfers to direct descendants of second or second degree: 18% to 36%
Category III – transfers to unrelated parents, siblings and sisters: 30 to 40%
INHERITANCE TAX 2015
DISCOUNT TAX, €
TAX RATE
I
II
III
Up to EUR 121,296
10 percent
18% 18 p.
Thirty p. 100
Over €121,296
20% of the population
36 percent
40%. Forty%. Hotel interest is also obvious and derives from a long history of interest in the home market hospitality business."
"Culture, transparency and preferential taxes are key drivers for Middle East purchasers in Europe and in particular in the United Kingdom," said CBRE EMEA Research and Consultancy Iryna Pylypchuk. Europe is a favoured place for Middle East money because of its close historical, political and economic ties, as well as British recent decision to be the first non-Muslim country to issue Sharia-compliant Islamic ties." According to CBRE, about 10 percent (about 18 billion dollars) of the capital would be transferred to the area. This is tantamount to an anticipated yearly expenditure of around $1.8 billion, considerably greater than the $1.2 billion invested in 2013 that has high current requirements.
The diversification benefits of the Asia-Pacific area might lead Middle East investors to review their strategy. The number of deals in the field has risen, but we must examine how soon this interest may result in a more stringent pace of purchases than a few major asset deals. According to CBRE, the remaining 10% of the $180 billion is likely to be committed to Asia Pacific. With at least one US retailer from 45 of the 61 nations examined, US retailers are by far the most engaged in their expansion. London remains the most preferred destination for American retailers wanting to grow beyond their own countries. The share of American shops in London rose by 4.2% during 2012, and two-thirds of American merchants are already in London."
The luxury and business fashion industry has the biggest share of new consumers worldwide (24 percent). The industry contributed for a third (32 per cent) of all new Americans, a strong sign of the better US consumer outlook. EMEA also featured luxury and business fashion shops, accounting for 24% of new entries.