Originally posted by SizeZero
View Post
- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
- Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
Reply to: Take home percentage in Holland
Collapse
You are not logged in or you do not have permission to access this page. This could be due to one of several reasons:
- You are not logged in. If you are already registered, fill in the form below to log in, or follow the "Sign Up" link to register a new account.
- You may not have sufficient privileges to access this page. Are you trying to edit someone else's post, access administrative features or some other privileged system?
- If you are trying to post, the administrator may have disabled your account, or it may be awaiting activation.
Logging in...
Previously on "Take home percentage in Holland"
Collapse
-
I only said IF I make a profit. I wouldn't touch property with a barge pole in the UK at the moment.
To be honest, my main concern would be not making a loss.
In any event, I would need convincing that buying a property during a short term contract would be a good move
Leave a comment:
-
Originally posted by SizeZero View PostThe 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.
I bet this would never happen under Tories!
Leave a comment:
-
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.
Leave a comment:
-
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?
Leave a comment:
-
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!
Leave a comment:
-
OK, thanks....I guess that's assuming you don't end up in negative equity!
Leave a comment:
-
Originally posted by Hiram King Of Tyre View PostI'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?
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.
Leave a comment:
-
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?
Leave a comment:
-
Originally posted by Drewster View PostHave you got a beard?
Cos you talk like a Twunt!
Leave a comment:
-
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?
Leave a comment:
-
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.
Leave a comment:
-
Originally posted by TonyEnglish View PostThat's a thing I don't get with agents. Why didn't she say that on 450e a day the takehome would be rubbish? If it turns out that on 450 a day I'm looking at 225 a day after tax then there is no way I'll be doing the job.
I think the point of the agent is that nobody can guarantee you will be accepted the 30% rule. I had it on a similar rate as yours but not every foreigner on a similar rate had. I am afraid it also depends on the agent too. On the good side it is retroactive.
Leave a comment:
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- Streamline Your Retirement with iSIPP: A Solution for Contractor Pensions Sep 1 09:13
- Making the most of pension lump sums: overview for contractors Sep 1 08:36
- Umbrella company tribunal cases are opening up; are your wages subject to unlawful deductions, too? Aug 31 08:38
- Contractors, relabelling 'labour' as 'services' to appear 'fully contracted out' won't dupe IR35 inspectors Aug 31 08:30
- How often does HMRC check tax returns? Aug 30 08:27
- Work-life balance as an IT contractor: 5 top tips from a tech recruiter Aug 30 08:20
- Autumn Statement 2023 tipped to prioritise mental health, in a boost for UK workplaces Aug 29 08:33
- Final reminder for contractors to respond to the umbrella consultation (closing today) Aug 29 08:09
- Top 5 most in demand cyber security contract roles Aug 25 08:38
- Changes to the right to request flexible working are incoming, but how will contractors be affected? Aug 24 08:25
Leave a comment: