1989 - 2018 29 years in business Monday, 10th December 2018

Belgium Considers Reform Of Property Tax


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:

info@cardwell-capital.com

 

Kind Regards

Cardwell Advisory Desk.
 
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