Take home percentage in Holland

[Fred Bloggs]

I was recently offered what at first sounded like a nice job near Rotterdam on exactly that kind of money. I laughed and put the phone down.

[ettubrute]

Regarding contract work in Holland, how do you people run it regarding taxes? Do you register a company in Holland, work through your UK limited, or through an umbrella?

[oracleslave]

Have you got a beard?

Cos you talk like a Twunt!

Don't let the facts get in the way of your insults.

[Hiram King Of Tyre]

I'm at a similar stage. Interview lined up for Thursday for a job in Amsterdam, They are talking circa 500 euros/day.

Is it really worth considering buying a property? How does the tax relief work?

Can you pay into a UK SIPP? Do you get tax relief for this?

[Mich the Tester]

I'm at a similar stage. Interview lined up for Thursday for a job in Amsterdam, They are talking circa 500 euros/day.

Is it really worth considering buying a property? How does the tax relief work?

Definitely. If you have a mortgage you can claim the interest back against tax. If the top part of your income is in the 52% bracket (>53,000 euros or so) then 52% of the interest you pay can be deducted from your taxable income. If you’re paying 15,000 euros of interest, as you would on a 250000 mortgage, that’s very useful. There are two ways of arranging the rebate. One is to just declare your mortgage each year on your tax declaration and wait for a payment from the taxman. The other is to apply for a ‘voorlopig teruggaaf’ and get the rebate paid into your account each month.

Setting up an Ltd in Holland is an expensive and long winded process. You should get a BSN number from the tax office once you have signed into the council where you’re going to live. Setting up as a sole trader is easy and cheap, and just involves a trip to the Kamer van koophandel when you have your BSN number and a then a trip to the tax office to get a BTW (VAT) number.

Most people set up as a sole trader first, then change into a Ltd once they have the money (18,000 euros of capital plus solicitors fees).


Don't know about the SIPP, but I know you're allowed to reserve 12% of your before tax profit for pension needs, so it would probably fall under this.

[Hiram King Of Tyre]

OK, thanks....I guess that's assuming you don't end up in negative equity!

[BoredBloke]

Had a call from the pimp - seems they have taken on somebody internally so all bets are off. Thanks for the info folks. Looks like a little longer in Geneva for me then!

[Hiram King Of Tyre]

Good luck Tony. Sorry to hijack your thread

[Hiram King Of Tyre]

The mortgage tax relief sounds good but I guess not really practical for a 3 or 6 month contract?

If you sell at a profit, do you then pay capital gains?

[SizeZero]

The housing market over here is pretty static; you are unlikely to make a profit unless you have the house for a while, and then it will only be a modest one.