Buying Property in Brussels Becomes Cheaper

Since April 1, 2024, the exemption on registration fees in the Brussels-Capital Region has been increased from €175,000 to €200,000. This change allows future homeowners to save significantly on property purchase costs. Specifically, buyers can save up to €25,000 on the first €200,000 of the purchase price. With this reform, the government aims to make property ownership more accessible by lowering financial barriers for buyers.

Additional Benefits for Energy Renovations

Not only homebuyers benefit from these tax advantages, but owners who carry out major energy renovations will also be rewarded. For each two-step improvement in the energy class of their property, they can receive an additional tax benefit of €25,000. This incentive encourages not only property purchases but also the sustainability of the housing market in Brussels.

Higher Threshold for Tax Benefits

Moreover, the threshold for properties eligible for tax deductions has been increased from €500,000 to €600,000. This means that more properties will now qualify for tax benefits, making it more advantageous for potential buyers to purchase a home. Additionally, the tax advantage for the purchase of land has been raised from €87,500 to €100,000, benefiting land buyers as well.

More Flexible Domiciliation Conditions

Another important change is the extended deadline for domiciliation. Buyers must now establish their primary residence within 3 years of purchasing a property, up from the previous 2-year requirement. This offers more flexibility to buyers. For those who also carry out energy-saving renovations, this deadline is extended to 5 years, providing them more time to adjust their property and take advantage of the benefits.

Consequences for Not Meeting the Conditions

If buyers fail to meet the conditions and do not reside in their property for the required period, they will need to make a partial repayment of the tax benefits. The repayment will be made on a pro-rata basis, depending on the number of years the buyer has lived in the property. This ensures that the benefits are only enjoyed by those who genuinely meet the requirements.

Conclusion: Cheaper Property Purchases in Brussels Thanks to Tax Benefits

These new measures make buying property in Brussels more financially attractive. The increased exemption on registration fees, additional benefits for energy renovations, and more flexible domiciliation conditions make it easier for homebuyers to take advantage of tax incentives. Whether you're looking to buy a home or plan a renovation, these reforms offer valuable opportunities for potential homeowners.