Do you own property abroad, such as a holiday home or land? You must declare it to the Belgian land registry and mention it on your tax return.
💡 When you declare your foreign property, the Belgian administration will attribute a cadastral income* to it. This cadastral income is a notional income that serves as the basis for taxing your property income.
* The cadastral income corresponds to the net annual rental income that you would have received for this property in 1975 if you had rented it out. When it is used for tax purposes, it is of course indexed to bring it up to date.
One-off declaration to the Belgian Land Registry
You are obliged to declare any property abroad: the purchase of an existing or new property, as well as the sale or modification of a property.
You have four months in which to declare your property, or face fines. This period is even reduced to one month if the property is modified or newly built.
This declaration is made on a specific section of MyMinfin.
💡 Once the cadastral income of the property has been established, you will receive official notification. You then have two months in which to lodge any complaints.
Each year in the IPP declaration
You must state the cadastral income of the property on your tax return. This serves as the basis for calculating the property income from your assets.
Need help with your return? We are available to help you via the live-chat below right 😇
See you soon 👋🏻