Taxation
Tax deductibility
Ability to deduct certain property expenses from the taxable base or obtain a tax reduction.
Full definition
Tax deductibility in Belgian real estate covers several benefits: tax reduction for long-term savings (federal, 30% on outstanding balance insurance premiums and loan capital), regional premiums for own dwelling (housing cheque in Wallonia), deductibility of interest on loans taken to acquire or preserve real estate income, and deductibility of actual expenses for professional real estate income. Interest on loans for rented properties can be deducted from real estate income. Since regionalization, it is essential to distinguish federal from regional benefits. A tax advisor specialized in real estate is recommended to optimize one's situation.
Related terms
Useful links
FAQ
Ability to deduct certain property expenses from the taxable base or obtain a tax reduction.