Since 1 June, the registration fees which you pay when you purchase property in Flanders have been modified considerably. The reduced and full rates have disappeared. How much do you pay now?
If you purchase a family home
If it is your only home which you will live in with your family, you pay 7% registration fees. This rate used to be 10%. You have a maximum of two years after the signature of the deed of sale to register your address at your new home.
If you already have a family home and you wish to sell it and live in your new home, the sale of your current home must take place within one year, if you wish to benefit from the tax rate of 7%.
If you decide to renovate the home within five years for energy savings, you will only pay 6%. Note that this must involve a thorough renovation in terms of energy efficiency, and not just a simple patching up.
If you purchase a second or a third residence, for example at the seaside, you simply pay 10% registration fees for these residences (as in the past).
You purchase a building plot or an investment property
In this case, nothing changes. The registration fees are still 10%. However, if you sign a rental contract with a registered social rental agency in the three years following the purchase, you also benefit from a rate of 7%.
Portability of registration fees
You can deduct up to €12,500 in registration fees for the purchase of your last family home from the registration fees for the purchase of your new family home.
If it is your only home which you will live in with your family, you pay registration fees of 7%.
Additional benefit for small dwellings
If you purchase a small home, the first bracket is exempt from registration fees up to €80,000. Of course, the question arises as to what is meant by 'small dwelling'. This is simple: a dwelling which costs €200,000 at the most. In certain major cities and municipalities in the Flemish outskirts of Brussels, this limit is raised to €220,000.
- You purchase a family home with a value of €300,000. It is your only home. You pay 7% registration fees on this purchase, which represents €21,000.
- You purchase a building plot with a value of €150,000. The registration fees amount to 10%, i.e. €15,000.
- You purchase an investment property for €250,000. You sign a rental contract with a registered social rental agency. You therefore pay €17,500 in registration fees, i.e. 7%.