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Buying or selling a home

Buying a home of their own is at the top of the wish list for many Belgians. But there is so much involved in buying a home that you can lose sight of the greater picture. The "buying and selling" section will help you to avoid this.

Before you buy a home, it is important that you first obtain sufficient information.  To finance the purchase, you will most probably need to take out a mortgage. After signing the notarial deed, you will be the official owner of the property, and you will have to pay the annual property tax. You will also need insurance on your new home.

More information on buying and selling a home in French or Dutch.

Taxation

If you buy a house or a building plot, you will normally be subject to registration duty (in French or Dutch).

In some cases the home that you buy may also be subject to VAT (in French or Dutch). If the home is new, the seller may opt to sell it subject to VAT. A home is regarded as "new" until 31 December of the second year following the year in which it was first occupied. For example, a home which was occupied for the first time in 2006 will be regarded as new until 31 December 2008. The rate of VAT on the purchase of a new home is 21%. In this event the purchaser no longer has to pay registration duty on the value of the property. However, registration duty on the value of the land remains due.

Detailed information about the taxes which you must pay when you buy a house or a building plot in French or Dutch