Country:Belgium
Year:2009
Policy status:In Force
Jurisdiction:State/Regional
Date Effective:2009
Date Amended:

2013

Policy Type:Economic Instruments>Fiscal/financial incentives>Grants and subsidies, Economic Instruments>Fiscal/financial incentives>Tax relief
Policy Target:Buildings>Residential, Buildings>Non-Residential
Agency:Flemish Tax Agency
URL:http://belastingen.vlaanderen.be/nlapps/docs/default.asp?id=170
Legal References:Flemish Decree of 23 May 2009 and Amendment of 19 October 2012
Description:

The Flemish Decree of 23 May 2008 stipulates that new residential buildings with an E-level of E60 and new commercial buildings with an E-level of E70 shall receive a 20 % property tax reduction for a period of 10 years. New residential buildings with an E-level of E40 shall receive a 40 % property tax reduction.

From 1 January 2013 the regulation becomes more strict for residential buildings. In case of an E-level of E50 (E40 in 2014) a reduction of 50% is given for e period of 5 years and a 100% reduction for 5 years in the case of an E30 building.

Last modified: Tue, 29 Apr 2014 14:27:06 CEST