Buying a house becomes cheaper...if you stick to the conditions.
The Flemish government does not only collect taxes and fines. From time to time they make some concessions. In the September declaration, Flemish Prime Minister Jan Jambon announced some important changes to the sales law.
The increase in house prices in Flanders is making the purchase of a first property difficult for many people. The Flemish government now wants to do something about this by implementing some changes to the sales law. This revision is based on 2 fundamental principles.
Changes to the sales tax
As of 1 January 2022, these new rates will apply to all purchases. The date of the authentic deed will be decisive.
Abolition of transferability
However, a transitional measure would apply whereby, for an only owner-occupied home, until the 31st of December 2023, you would still have the choice between either:
- the new rates of 3% and 1%, without transferability
- the old rates of 6% and 5%, with transferability
You can also combine the new general rate of 12% with the transferability during 2 years.
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