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In precept, demolition and reconstruction work in Belgium is topic to a VAT price of 21%. Nevertheless, topic to the respect of sure situations, it was made potential for the 12 months 2023 to learn from a diminished VAT price of 6%.
The measure was prolonged by the federal authorities in 2024. Nevertheless, its scope was tailored.
The diminished VAT price of 6% now applies to work carried out all through Belgium (not restricted to the 32 “crucial” areas lined by the earlier textual content), however provided that:
it’s carried out by people constructing or renovating their very own dwelling;the rebuilt floor space doesn’t exceed 200 m²;the constructing is for use primarily as a residential housing after completion of the work.
The proprietor could not personal some other actual property property in full, and should keep their residence within the rebuilt premises for a steady interval of 5 years.
The brand new rules now excludes property builders and corporations specializing within the sale of recent properties, who will not be capable of profit from the discount.
For present tasks, nonetheless, transitional measures stay in pressure permitting professionals to maintain on benefitting from a diminished VAT price of 6% underneath sure situations till 31 December 2024.
For additional data, please contact Carole DE RUYT.
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