On 1 June 2018 the registration fees in Flanders have been changed to 7%
Anyone buying an apartment or a house pays stamp duty. You pay this tax when you register the deed of sale. The civil-law notary normally handles this.
Until 1 June 2018, the rate for stamp duty in Flanders was 10% of the purchase price. A lower rate transfer tax of 5% applied to dwellings with land registry fees of 745 euros or less.
On 1 June 2018, the lower and higher rate transfer taxes were abolished and stamp duty is now 7%. This is for a single dwelling occupied within two years after purchase.
You’re entitled to a “discount” in the following cases:
- Carrying out ‘Major Energy Refurbishments’ to your family home within five years after purchase? You pay 6% stamp duty.
- If you buy ‘immovable heritage’ as a family home, you pay just 1% stamp duty. Provided that you invest the difference of 6% in the preservation or enhancement of the heritage within five years.
- Bought a modest family home for a purchase price of up to 200,000 euros? You pay no stamp duty on the first tranche of 80,000 euros, giving you a discount of up to 5,600 euros.
Buying a home in the Flemish periphery or the Flemish core cities (Aalst, Antwerp, Boom, Bruges, Dendermonde, Genk, Ghent, Hasselt, Kortrijk, Leuven, Mechelen, Ostend, Roeselare, Sint-Niklaas, Turnhout and Vilvoorde)? You get this discount for a purchase price of to 220,000 euros.
Remember: Relief on stamp duty only applies to your primary residence and you must move in within two years.
The principle of portability still applies. This means that stamp duty you’ve already paid can be deducted when you buy a new home and sell your old home.
If you buy a second home, you still pay 10% stamp duty.
Would you like more information? Don’t hesitate to contact us or visit one of our branches. Our property experts will be happy to explain the changes to you: simply call 09 330 21 00 or send an email to firstname.lastname@example.org