🇳🇱 Netherlands proposes 36% tax on Unrealized Gains
Applies to:
Stocks
ETFs
Savings
Crypto
Each year, authorities would assess how much your portfolio increased in value and tax that paper gain at 36% — even if no assets were sold.
Example Scenario:
Initial Investment: €100,000
Year-End Value: €140,000
Unrealized Profit: €40,000
Tax-Free Allowance: €1,800
Taxable Gain: €38,200
Tax @36% = €13,752
➡️ Investor pays €13,752 in tax
➡️ No assets sold
➡️ No cash withdrawn
Next Year Crash:
Portfolio falls from €140K → €60K
No tax owed due to loss
Loss Carryforward Created: €80K
Year 3 Recovery:
Portfolio rises from €60K → €110K
Still:
€30K loss carryforward remains
No tax owed this year
3-Year Summary:
Initial Capital: €100,000
Total Tax Paid: €13,752
Portfolio Value: €110,000
Real Net After Tax: €96,248
➡️ Portfolio shows €10K gain
➡️ But investor is actually below original capital after taxes
⚠️ Risk Factor:
Investors may be forced to liquidate holdings just to pay tax on unrealized gains.
Losses can offset future gains
But:
No refund on past unrealized taxes paid
📅 Status:
Awaiting Senate approval
If passed, implementation begins Jan 1, 2028
#NetherlandsTax #UnrealizedGains #CryptoPolicy