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The Flemish Parliament is giving a green light to the reform of registration duties

Belgium - meeneembaarheid.jpg

The Flemish Parliament is giving a green light to the reform of registration duties

Last week, the Flemish Parliament adopted the decree on the reform of the registration fees for the purchase of a family home. The ratification follows in the course of this week (the 10th day after publication) in the Belgian Official Gazette. The reform will take effect for sales agreements concluded from 1 June. For example, the standard rate will go from 10 to 7% on the purchase price of a house and for modest houses with a purchase price of up to 200,000 euros there is an exemption on the first bracket of 80,000 euros (approximately a discount of 5,600 euros). In this way, the government aims that the reform will enable more families to buy their own home or apartment. This discount applies to the purchase price of 220,000 euros for homes or apartments in the Flemish periphery or core cities.

In anticipation of the start of the reform, people seemed to postpone the acquisition of real estate. In February, real estate transactions saw a decrease of almost 8%. That is why the government has urged the security and approval of the reform that will start on 1 June. People who have postponed their sales can now sleep on both ears.

Belgium - vlaamsparlement

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8000 Brugge Belgium
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+32 (0)50 61 66 30

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