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AROUND THE BRANCHES: Living and Working in the Netherlands

Register and apply

You will need to be registered on the Personal Records Database (BRP) at your local town hall or you may not receive the necessary IND residency correspondence. Importantly, the same process will apply to all UK nationals who move to the Netherlands during the transition period.

An application for residence documents can be made online and costs €58 for adults (€31 for anyone under 18). If you receive a temporary residence document, this will be valid for 5 years; a permanent residence permit is valid for 10 years. You will need a Dutch bank account to make your IND application. This is because the online payment system iDEAL requires this of all users.

What about your EU citizen document?

It is important to remember that your EU citizen document (EU duurzaam verblijf) will no longer be valid after Brexit. The exception is if you have a Dutch passport or another EU passport in addition to your UK passport – visit your local town hall to make sure you have your EU citizenship registered as your main nationality.

UK nationals with privileged status

The residence rights of UK nationals with privileged status will be unaffected by Brexit. This is because international conventions dictate that the employees of embassies, consulates and other international organisations who have been afforded diplomat status can remain in the Netherlands without additional documentation – the same is true of their families. As such, if you enjoy privileged status you will not need to submit an application for residence.

If you enjoy privileged status and have been invited to apply to the IND, you should contact your local town hall to ensure that your PROBAS notification has been registered – be sure to bring along your Ministry of Foreign Affairs identity card.

UK nationals who are temporarily outside of the Netherlands

If you are registered with the BRP but are temporarily living abroad, you should register to receive emails from the Dutch government. You will then receive a digital invitation letter to apply. Register online by clicking here.

Stay updated

All UK expats in the Netherlands should sign up to receive digital communications from the Dutch government regarding residence and other important issues. You can do this here.

Blacktower FM in the Netherlands

While you take care of your residency rights, Blacktower can take care of your wealth management plans, helping you to make sure that your retirement plans align with your goals, and that your investments are sufficiently diversified to enjoy the best chance of future prosperity.

For more information about us and our services, contact us today to discover the Blacktower difference. We are here to help with lots of knowledge about life in the Netherlands as well as our financial advice offering.

This communication is for informational purposes only and is not intended to constitute, and should not be construed as, investment advice, investment recommendations or investment research. You should seek advice from a professional adviser before embarking on any financial planning activity. Whilst every effort has been made to ensure the information contained in this communication is correct, we are not responsible for any errors or omissions.

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More Taxing Times Ahead

From April 6th this year, individuals who do not spend sufficient time in the UK, or have insufficient ties with the UK to be resident there for tax purposes but who nonetheless own a home in the UK, may now need to pay capital gains tax (CGT) on any gains arising on the eventual sale of the property. 

How will the tax work?

Only gains made from 6th April 2015 are taxable in calculating the gain on the property disposal i.e. non-UK resident property owners will substitute the value of the property as at 6th April 2015 for its actual acquisition cost, thereby rebasing the value to its market value as at that date. Alternatively, property owners may elect to calculate the gain by using the actual acquisition cost but paying tax only on the time-apportioned post-5th April 2015 part of the gain.

If the non-resident usually files a UK self assessment tax return any gain must be included in the appropriate year’s return, otherwise any tax must be paid within 30 days of completion.  Non-residents will continue to be exempt from CGT on disposals of commercial property and other assets.

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