Buying a house in Brussels to become more fiscally attractive
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Loading... - Lucas Bogaert
- 28 Mar 2023
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From 1 April, buying a house in Brussels will become more fiscally attractive, as a new ordinance that includes the increased Brussels discount on registration duties to €200,000, allowing for a saving of up to €25,000 when buying a first home in the city.
Last year, the Brussels-Capital Regional Government approved the preliminary draft ordinance aimed at making the purchasing of a primary residence in the region cheaper from a tax point of view in order to combat the region's unaffordable housing crisis. On 1 April, this ordinance will come into force.
The abattement is a reduction in registration duties, which is the regional tax when a person buys a first home or building plot. To give more Brussels families access to housing, the abattement has been raised from €175,000 to €200,000. Concretely, this means that instead of a discount of €21,875, families will enjoy a discount of €25,000 from 1 April.
Additionally, the current ceiling for being entitled to a tax break is €500,000. This will be increased to €600,000. Similarly, the discount on registration duties for building land will increase from €87,500 to €100,000.
Major energy renovations
The changes do not only come as a sigh of relief for property buyers but also for those undertaking major energy renovations in their homes, as they include an additional allowance for major energy renovations – which amounts to €25,000 for each energy class improvement realised. The parties must at least commit to two energy classes. Read More..
