Income tax in the Netherlands 30% tax rule to end by Jan 2019 for ALL beneficiaries if over 5 years, irrespective of an earlier approval for a later end date ( many cases up to 2022). This caused severe unrest and protest among the expat community as they do not benefit from the significant high taxes in any way (children education or pension, etc). Income tax in the Netherlands Income tax in the Netherlands (personal, rather than corporate) is regulated by the "Wet inkomstenbelasting 2001" (Income Tax Law, 2001). The fiscal year is the same as the calendar year. Before April 1 citizens have to
Inheritance Tax in the United Kingdom civil partner. Effective with the 2005-06 tax year, the Finance Act 2004 introduced a retrospective income tax regime known as pre-owned asset tax (POAT) which covers transactions not made at arm's length, where a person either: and then subsequently benefits from its use. The person liable for POAT may, while he is still alive, elect on a timely basis to have such transactions treated as gifts with reservations (thus subject to IHT) with respect to such transactions made in a given tax year. In 2002, Queen Elizabeth The Queen Mother left her estate (estimated at £50 million) to her daughter