Tax deductible expenses for listed monumental buildings
For the levy of income tax in the Netherlands as a general rule the maintenance cost of a building are not tax deductible. Until January 1, 2019, if it concerned qualifying expenses in relation to the renovation of a qualifying monumental building these costs were deductible.
If a building (for instance a house) is listed as a national monument on the basis of the Law on Monuments 1988 (in Dutch: “Monumenten Wet 1988”), until January 1, 2019, 80% of the costs of maintenance are in general tax deductible.
Strict rules apply to determine the scope of costs of maintenance, whereby the emphasize is on distinction between the costs of reestablishing the monumental status of the building (which do in essence qualify for tax deduction) and the costs of regular maintenance (which are in essence not tax deductible).
As of January 1, 2019 the deduction no longer applies. Instead a subsidy can be requested with the Dutch Cultural Heritage Agency ("Rijksdienst voor het Cultureel Erfgoed") to cover costs of renovating monumental buildings.
| The above information is prepared with utmost care, but it cannot be guaranteed that the rules have not changed since the date of publication or that your personal situation triggers the application of specific rules which deviate from the above. Before you use this information we therefore strongly recommend that you consult us to determine your personal Dutch income tax position. If you require our follow up, you can contact us via e-mail or call us at our offices in Amsterdam + 31 (20) 570 9440 or Rotterdam + 31 (10) 2010466. |