Keep track of the Dutch plan to tax unrealized capital gains

[Invisibleflash]

Google:

The Dutch House of Representatives approved legislation on February 12, 2026, to tax unrealized investment gains (paper gains) at a 36% rate, starting in 2028. The law, part of the "Actual Return in Box 3" reform, covers stocks, bonds, and crypto. However, following intense backlash, the government is already planning to amend it.

Key details regarding the legislation:

• Targeted Assets: The tax applies to annual increases in the value of assets (capital growth) in "Box 3" (savings and investments), even if the assets are not sold.
• Rate and Status: The tax rate is set at 36%, scheduled to take effect on January 1, 2028, pending Senate approval.
• Exemptions: Founders with 5% or more of their companies (Box 2) and certain angel investors in qualifying startups are exempt.
• Reversal/Amendment: Due to significant opposition from investors and the business community, Finance Minister Eelco Heinen announced plans to revise the law to avoid taxing unrealized gains, aiming for a more traditional system.
  Context: The law was developed to replace a previous "assumed return" system that the Dutch Supreme Court ruled violated property rights.

 

[Dekster]

I would be cashing out

 

[martybegan]

Google:

The Dutch House of Representatives approved legislation on February 12, 2026, to tax unrealized investment gains (paper gains) at a 36% rate, starting in 2028. The law, part of the "Actual Return in Box 3" reform, covers stocks, bonds, and crypto. However, following intense backlash, the government is already planning to amend it.

Key details regarding the legislation:

• Targeted Assets: The tax applies to annual increases in the value of assets (capital growth) in "Box 3" (savings and investments), even if the assets are not sold.
• Rate and Status: The tax rate is set at 36%, scheduled to take effect on January 1, 2028, pending Senate approval.
• Exemptions: Founders with 5% or more of their companies (Box 2) and certain angel investors in qualifying startups are exempt.
• Reversal/Amendment: Due to significant opposition from investors and the business community, Finance Minister Eelco Heinen announced plans to revise the law to avoid taxing unrealized gains, aiming for a more traditional system.
  Context: The law was developed to replace a previous "assumed return" system that the Dutch Supreme Court ruled violated property rights.

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So when they have to sell to get the liquid funds to pay off the unrealized gains will they then be taxed on those realized gains as well?

Thus mandating overselling to cover both?

 

[1srelluc]

Thread 'Dutch Lawmakers Approve a 36% Tax on Unrealized Crypto, Stock, and Bond Gains'

Feb 14, 2026

What people don't realize is with unrealized gains taxes, it structurally requires selling off some of the taxed asset to pay the tax in most economic conditions.

So what happens when their farmers have to sell off a field every year to pay the tax man?

Less food happens and that's a big deal to the Dutch who are the second largest food exporter in the world.

So, you want to be more like the EU huh.....Maybe the Obamas will move to the land of wooden shoes since they like the EU so much.


Starting January 2028, the Netherlands is set to require that residents pay tax on paper...

• 1srelluc
• Replies: 7
• Forum: Europe