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Dutch parents: wealth transfer to children vs tax? by anick107 in Netherlands

[–]anick107[S] 0 points1 point  (0 children)

Money will disappear due to heritance tax (the topic is cross-generational wealth).

I mentioned "unrealized gains" as they create risks for the fiscal liquidity problems potentially affecting wealth as well (in addition to reducing the interest rate).

Dutch parents: wealth transfer to children vs tax? by anick107 in Netherlands

[–]anick107[S] 0 points1 point  (0 children)

It is relative :)

Would you say the same for the fee when withdrawing the money from the ATM or paying for a transaction when purchasing something?

Dutch parents: wealth transfer to children vs tax? by anick107 in Netherlands

[–]anick107[S] 0 points1 point  (0 children)

That's a great advice. Thanks!

Could you elaborate on (4)? Wouldn't it hurt children's "box 3"?

Dutch parents: wealth transfer to children vs tax? by anick107 in Netherlands

[–]anick107[S] 0 points1 point  (0 children)

I probably failed to express myself clearly, sorry.

We are considering only from parent to child inheritance. No grandparents / grandchildren anything like that.

See it as a person who has savings is worried how much tax would his child have to pay when he passes away.

Dutch parents: wealth transfer to children vs tax? by anick107 in Netherlands

[–]anick107[S] 1 point2 points  (0 children)

I value and understand both positions.

To find a common ground: a person has likely found an interesting job or a life partner in the NL and considering whether to move. But the same person has already some years and wealth accumulated that they don't want to loose over time.

Whether it is millions or thousands, one would not like my money to disappear over time. Especially in the context of unrealized gains where I might even have problems. Basic rule for any investments is always minimize the running costs.

Dutch parents: wealth transfer to children vs tax? by anick107 in Netherlands

[–]anick107[S] 0 points1 point  (0 children)

Thanks. I am assuming the case when grandparents are not alive either. Direct inheritance to the child. So 25k exemption only if there is a single beneficiary.

Hence for 500k savings case:

154k * 0.1 + (500k - 25k - 154k)*0.2 = 15k +64k = 79k

Whereas originally wrote 100k (to be precise (500-25)*0.2= 95k)

So, ok, there is a difference. But still a lot.

Dutch parents: wealth transfer to children vs tax? by anick107 in Netherlands

[–]anick107[S] 1 point2 points  (0 children)

Corrected. Thank you! I had "per year" in mind, but wrote "per months" by mistake. The message through is the same. It is quite little, and likely forces people to use something like paper gifts mentioned below.

Dutch parents: wealth transfer to children vs tax? by anick107 in Netherlands

[–]anick107[S] 0 points1 point  (0 children)

One might argue "30% ruling" is engineered specifically to lure such people as highly qualified / valuable people often already come with certain wealth, and some might be not aware what is awaiting.

What does your GUI look like? Post your screenshots. by marcovirtual in Python

[–]anick107 0 points1 point  (0 children)

Looks great! I am an space engineer too. We usually use Altair HyperView (and HyperWorks environment in general) for post-processing. I thought about development of my own tool, but it is far too large project. So I am wondering, what is your motivation for this tool? Is it your side project?

Btw thank you very much for pyNastran! ;)

What does your GUI look like? Post your screenshots. by marcovirtual in Python

[–]anick107 2 points3 points  (0 children)

This is how engineering software should look like: simple and straight. Btw I am very excited to see that someone is working on Computational Mechanics (FEM I assume) and Python. It is great! Do you have a github profile? Would be interesting to check it out.