{"id":791,"date":"2019-05-27T05:30:37","date_gmt":"2019-05-27T03:30:37","guid":{"rendered":"https:\/\/vwg.nl\/uncategorized\/reservefonds-vve-belast-in-box-3\/"},"modified":"2026-03-03T10:33:32","modified_gmt":"2026-03-03T09:33:32","slug":"hom-owners-association-reserve-fund-taxed-under-box-3","status":"publish","type":"post","link":"https:\/\/vwg.nl\/en\/reservefonds-vve-belast-in-box-3\/","title":{"rendered":"Reserve fund of the owners\u2019 association taxed under Box 3"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-6906\" src=\"https:\/\/vwg.nl\/wp-content\/uploads\/20190524_Reservefonds-VvE.jpg\" alt=\"\" width=\"1200\" height=\"628\" \/><\/p>\n<p>Owners of a flat in the same building are members of the Owners\u2019 Association (VvE). This membership is automatically linked to ownership of the flat.<\/p>\n<h4>Reserve fund<\/h4>\n<p>Owners\u2019 associations are obliged to set aside funds for major maintenance of the building. The owners of the flats must pay a contribution into the reserve fund, naturally in proportion to their share in the property.<\/p>\n<p>This contribution is based on a long-term maintenance plan. If no such plan exists, the contribution amounts to 0.5% of the building\u2019s replacement value.<\/p>\n<p>The Owners\u2019 Association may waive the requirement to make a contribution to the reserve fund where:<\/p>\n<ul>\n<li>80%, as decided by the members at the owners\u2019 meeting, and;<\/li>\n<li>the individual owners have immediate access to the maintenance costs.<\/li>\n<\/ul>\n<h4>Box 3<\/h4>\n<p>An flat qualifies for income tax treatment as a principal residence if:<\/p>\n<ul>\n<li>it is made available on the basis of ownership (or a comparable right) and<\/li>\n<li>is the owner\u2019s main residence.<\/li>\n<\/ul>\n<p>The owner-occupied home is taxed under Box 1. An additional amount must be added to your income to reflect the benefit of living in the property, based on the WOZ value of the flat. The interest and costs associated with a mortgage taken out on the owner-occupied property are tax-deductible, provided the strict conditions applicable to that deduction are met.<\/p>\n<p>Membership rights in the Owners\u2019 Association are a legal concept that exists alongside ownership of the flat. These membership rights are therefore treated separately from the property for tax purposes. As a result, this right is not taxed under Box 1, but under Box 3 (income from savings and investments). The value of the reserve fund must therefore be treated as an asset under Box 3. Incidentally, if the owners\u2019 association has incurred debts, this value may also be negative on balance.<\/p>\n<h4>Exemption<\/h4>\n<p>On the television programme Radar, amongst others, there have been calls to exempt the value of membership rights in a owners\u2019 association from Box 3. Minister Ollongren (Ministry of the Interior) is, however, opposed to this. In <a href=\"https:\/\/www.tweedekamer.nl\/kamerstukken\/kamervragen\/detail?id=2019Z05745&amp;did=2019D20496\" target=\"_blank\" rel=\"noopener noreferrer\">answers to parliamentary questions<\/a> She draws a comparison with homeowners. They, too, must use their savings \u2013 which are not exempt under Box 3 \u2013 for the (major) maintenance of their homes. Ollongren does not consider the argument that members of a homeowners\u2019 association cannot reclaim their contribution to the reserve fund from the association to be decisive.<\/p>\n<p>&nbsp;<\/p>","protected":false},"excerpt":{"rendered":"<p>De eigenaren van een appartementsrecht in hetzelfde gebouw zijn lid van de Vereniging van Eigenaren (VvE). Dit lidmaatschap zit verplicht gekoppeld aan de eigendom van het appartement. Reservefonds VvE&#8217;s zijn verplicht om te sparen voor het groot onderhoud van het gebouw. In het reservefonds moet door de eigenaren van de appartementen een bijdrage worden gestort, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-791","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"acf":[],"_links":{"self":[{"href":"https:\/\/vwg.nl\/en\/wp-json\/wp\/v2\/posts\/791","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vwg.nl\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vwg.nl\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vwg.nl\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/vwg.nl\/en\/wp-json\/wp\/v2\/comments?post=791"}],"version-history":[{"count":0,"href":"https:\/\/vwg.nl\/en\/wp-json\/wp\/v2\/posts\/791\/revisions"}],"wp:attachment":[{"href":"https:\/\/vwg.nl\/en\/wp-json\/wp\/v2\/media?parent=791"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vwg.nl\/en\/wp-json\/wp\/v2\/categories?post=791"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vwg.nl\/en\/wp-json\/wp\/v2\/tags?post=791"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}