[tschellenbach]

The title here mostly doesn't match the article right? Quote: "But unlike the capital growth tax, capital gains tax will, in principle, only be levied at the time of realisation. This is usually when the relevant asset is sold, but also when immovable property exits Box 3 for another reason, such as emigration."

[ivankra]

Looks like they're coining a new legal term "Capital Growth Tax", under which they are going to tax unrealized capital gains. I'm not aware of any other country that taxes them like that (besides wealth/exit taxes), so maybe they're the world's first here!

Some countries have wealth taxes - but they are usually flat or scale with wealth, not the yearly increase in wealth. Note that currently NL does de facto have a wealth tax in Box 3 system - shares are presumed to have a fictional fixed yield of around 5-6% per year on which they charge you income tax, so it works out to about 2% wealth tax.

[mbesto]

> I'm not aware of any other country that taxes them like that (besides wealth/exit taxes), so maybe they're the world's first here!

Real estate taxes.

> not the yearly increase in wealth.

Real estate taxes.

[toast0]

I think there are some other jurisdictions that require Mark to Market for tax purposes, at least in some situations.

In the US, certain traders can elect to mark to market [1].

[1] https://www.irs.gov/taxtopics/tc429

[itake]

> I'm not aware of any other country that taxes them like

My home's property taxes operate this way. The county calculates the current value of my home and charges me a % of that in taxes every year.

[lape]

Germany is also already taxing unrealized capital gains of funds (Vorabpauschale).

[TulliusCicero]

Yeah but the previous paragraph says

> The bill regarding Box 3 introduces two main categories of taxation: capital growth tax and capital gains tax. The capital growth tax will apply to most assets, taxing both realised and unrealised returns, including appreciation in value and income from assets like shares, cryptocurrencies, and savings. Exchange results on bank balances in currencies other than EUR will also be taxed.

And normally unrealized capital gains on these sorts of assets aren't taxed.

[icegreentea2]

I think in more general usage if you asked people what assets "taxing unrealized capital gains" would cover, you could get a basket if things like shares, real property, businesses, etc.

The article indicates that the Dutch government has decided to treat startups and real estate under the bucket "capital gains", and stuff under "capital growth".

So for an more informal standpoint, the title is a reasonable way to summarize what's happening to the layish person.

[kingstnap]

As I understand it most things like stocks with be under the capital growth scheme, taxed yearly, but they left a carve out for real-estate where it only is levied at sale/realization time.

[appreciatorBus]

Classic loophole. We tell ourselves this is to protect the little people who own homes, but the actual little people don’t have homes at all and rent. Meanwhile, anyone with money will get the picture invest all of it in real estate, once again enriching homeowner as well impoverishing the rest of us.

[dang]

Ok, we've put box 3 in the title above. Thanks!

(Submitted title was "Netherlands to start taxing unrealized capital gains yearly from 2028")

[andsoitis]

“The capital growth tax will apply to most assets, taxing both realised and unrealised returns, including appreciation in value and income from assets like shares, cryptocurrencies, and savings.”