|Policy status:||In Force|
|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|
|Legal References:||Flemish Decree of 23 May 2009 and Amendment of 19 October 2012|
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