A tax-free transfer
In principle, every transaction related to acquisition of real estate, including the limited rights thereto, that is located on Aruba, Curaçao or Sint Maarten or in The Caribbean Netherlands is subject to real estate transfer tax.
However, such an acquisition does not always have to trigger real estate transfer tax. An exemption is sometimes applicable, for example if the real estate is transferred to a partnership or company (other than a public limited company, a private limited liability company, or a partnership limited by shares), or if it is divided among the partners.
How can DCTL help you?
The advisors at DCTL have extensive knowledge of and experience with investment tax relief. Our advisors can review your specific situation to determine whether real estate transfer tax is payable or whether you are eligible for an exemption. Sometimes it is advisable to consult in advance with the tax authorities about a particular transaction in order to obtain certainty about, for example, whether an exemption applies. The advisers at DCTL can help you with all of the above.