Dear Clients,
Belgium’s Finance Minister Johan Van Overtveldt, has ordered a report onto the
Feasibility of rebasing the Government’s estimates of properties rental values, to
Boost the tax property take, he said during an RTL television broadcast.
The taxable basis for Belgium’s property tax, which does not cover homes, is
Based on notional rental value. There has not been a review of these rental values
Since 1975, and they have simply tracked inflation.
Overtveldt told RTL that the review will take considerable resources and may meet
Resistance, as it may result in an increase in property owners “tax liabilities”
Overtveldt has therefore requested an in-depth study of the possible costs and
Ramifications of such a move.
Should you require any further clarification, please do not hesitate to contact us at:
Kind Regards
Cardwell Advisory Desk.
