VVD has big question marks about the new box 3-tax: ‘Back to the drawing board’ | Inland

Idsinga was already stirring in the House of Representatives last week when officials from the Ministry of Finance gave an explanation of the new wealth tax that Van Rij has presented. He wonders why only one variant has been developed. “At the very least, all options that have been worked out should be on the table,” says Idsinga. “It’s too early to take all that exit.”

capital gains tax

The cabinet has recently been preparing for a new box 3 system, which should replace the savings tax capped by the Supreme Court. This is a so-called capital gains tax. In this, income from capital, such as interest and dividend, is taxed. But also the value increases of, for example, shares or real estate must be settled, even if they are only on paper.

The latter in particular bothers Idsinga, as it can lead to ‘distressing situations’, he says. For example, the VVD member refers to entrepreneurs who have just stopped their business, but have yet to sell the shop. If that property suddenly increases in value, a hefty bill from the tax authorities can follow. But because that profit is only on paper, according to Idsinga the question is whether people have money to pay the tax bill. “If you continue with this, there will be a lot of misery,” he predicts.

argus eyes

The VVD MP wants other options to be investigated first, such as capital gains tax, in which only the profit actually realized is taxed. “I think it’s going too fast, it needs to be sorted out better. I think the Secretary of State should go back to the drawing board. Do a little more homework. I now have the feeling that a lot of attention is paid to implementation and less to what it means for citizens.”

Elsewhere in the coalition, the position of the VVD in the box 3 discussion is being looked at with suspicion. Those parties find the capital gains tax an unfeasible card, because it offers too much room for tax avoidance and fraud.

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