Young moving-on also benefits from start-up scheme | Money

The exemption from the transfer tax was intended to make it easier for young people to buy a home in the overstrained housing market. Although this scheme is called the starters’ exemption, it now appears that 39% of all home buyers under the age of 35 were already home owners in the first quarter.


This is not illegal: the conditions of the starter’s exemption from transfer tax state that it does not matter whether the buyer has previously owned a home to qualify for the scheme. However, the idea behind the scheme was that it would allow young starters to buy a home without a home. The benefit of the tax-exempt can amount to € 8,000.

Although the scheme was intended to help the ‘real’ starter, young people who already have an owner-occupied home also profit a lot from the tax advantage. Kadaster expects that the policy measure will only become more effective for the real newcomers to the housing market in the long term.

The percentage of people moving on to the housing market that is not older than 35 years will decrease, as the scheme can only be applied once, according to the Land Registry.

Sell ​​more

In the first three months of this year, the change in law also resulted in almost a third more home sales compared to the same period a year ago, because people in large numbers lifted the transfer over the turn of the year.

Since 1995, the number of transactions has not been that high. Another factor in this was that after 1 April home buyers under the age of 35 will again have to pay transfer tax if they buy a house for more than 400,000 euros. The number of homes of more than 400,000 sold to under-35s was more than three times higher in the past quarter than a year earlier.

How does the new cabinet solve the housing crisis? DFT reporters Herman Stam and Martin Visser i discuss thisn the podcast Matter of Cents:


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