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Belgium: Worked Example of Tax on Rent

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Last Updated: Oct 03, 2006

Tax Example: Rent

Non-resident couple's1 joint monthly rental income2 €1,500 €6,000 €12,000
Annual Rental Income 18,000 72,000 144,000
Deemed Rental Income3 2,000 10,000 24,000
Less Real Estate Tax4 (1,100) (5,500) (13,100)
Less Income Tax5 (1,070) (5,640) (18,240)
Annual Income Tax Due €2,170 €11,140 €31,340
Tax Due as % of Gross Income 12.06% 15.47% 21.76%
Thanks to:
BDO Belgium

DISCLAIMER: The information contained above is marketing material only and is not written tax advice directed at the particular facts and circumstances of any person and should not be relied upon. We encourage you to discuss your particular situation with us or an independent tax advisor. This information was last updated on October 3, 2006.

Notes

1 When the property is rented out to a private individual who does not use the premises for professional purposes, the taxation of income is based on the “deemed rental income” (estimated annual rental value).

2 The property is jointly owned by husband and wife.

3 Estimated values only.

4 Estimated values only. Income tax rates are levied on the property’s deemed rental income or estimated annual rental value.

5 Estimated values only.

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