The transfer of immovable properties located in Caribbean Netherlands and ships registered in Caribbean Netherlands.
Transfer
The term ‘transfer’ must be interpreted broadly. For example, it also includes establishing, waiving, and terminating:
- a usufruct
- a right of occupancy
- easements
- leasehold
- building rights
- land rent
Transactions subject to overdrachtsbelasting
The transfer of immovable properties located in Caribbean Netherlands and ships registered in Caribbean Netherlands are subject to overdrachtsbelasting.
Value of overdrachtsbelasting
Overdrachtsbelasting must be paid based on the economic value.
This value is at least equal to the performance. This means that a sale at a low price, for example, to family, does not lead to a low overdrachtsbelasting amount due. Overdrachtsbelasting is due on the at-arm’s-length price as would be agreed between random third parties.