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buying an apartment in belgium. Legal questions
Hi everyone.
I am a first time buyer and i am looking to buy an apartment in Brussels. I have some questions.
1. I heard that you should live in the house/apartment yourself (i.e. cannot rent it out) for minimum of two years otherwise there are some additional taxes involved. is this true? what is causing this?
2. is there any tax "discounts" I might be eligible for? for first time buyers or young people?
Any advice/tip will be appreciated.
If you are a 1st time buyer in Brussels under the age of 30, you can benefit from a reduced tax rate on the price of the flat, you will pay 12% instead of 18%. The condition is that you have to live in Brussels for the next 5yrs, it doesnt have to be in the flat you've bought as long as you are registered as living in Brussels.
If you decide to leave Brussels before the 5yrs then you will have to pay back the 6% tax benefit.
Hope this helps
p.s. i have a great flat for sale, ideal for a 1st time buyer :)
http://www.immoweb.be/en/Global.Estate.cfm?IdBien=4740347&x=18&y=6
If you are buying property in Belgium you will have to employ a notaris/notaire.
Their prices are fixed by law and they do not charge any more for answering all the questions you might have.
Get yourself organised with one and get accurate and up-to-date answers.
And be aware that not all notaires give good info. Best to get one that has been recommended by others you know who have also bought a property. Like any other profession, plenty of notaires in the field who are just in it for the money.
