I would love some verification of this, but in any case ...

It seems that by requesting status as a "deemed non-resident" (interesting terminology for a resident), one essentially excludes all out-of-country assets from this requirement.

The status seems to be fairly automatic if selected. But some opportunities for deductions are lost, though they seem to be inconsequential in my case.

Any independent verification out there?

Cheers...Gary

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00abuse

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I would love some verification of this, but in any case ...

It seems that by requesting status as a "deemed non-resident" (interesting terminology for a resident), one essentially excludes all out-of-country assets from this requirement.

The status seems to be fairly automatic if selected. But some opportunities for deductions are lost, though they seem to be inconsequential in my case.

Any independent verification out there?

Cheers...Gary

Post a Reply

00abuse

Indeed as a (deemed) non-resident you don't have to pay taxes on out-of-the-country assets. You only have to pay if you have a (second) house here (which you rent to other people).

If you have to pay taxes in box 3 all assets are taken in consideration except personal property like a car, clothes, furniture etc and of course your own house (which is taxed in box 1).

You pay 30% taxes over a fictif income of 4% from your average fortune during the year. You have a tax free amount. And indeed no deductions are possible.

Kind regards,

Arjan Enneman

http://www.belasting-service.nl

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