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Oct 30, 2015

Tax Example: Rent


NON-RESIDENT COUPLE (DEEMED RENTAL INCOME)1
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
Income Tax Rate4
Up to 7,900 25% 700 1,975 1,975
7,900 - 11,240 30% 1,002 1,002
11,240 - 18,730 40% 1,104 2,996
18,730 - 34,330 45% 14,870
Over 34,330 50%
Income Tax Due 700 4,801 20,843
Other Taxes
Commune Tax5 49 286 1,459
Real Estate Tax6 910 4,549 10,917
Annual Income Tax Due 1,659 8,915 33,219
Tax Due as % of Gross Income 9.22% 12.38% 23.07%
Thanks to:
BDO Belgium

Notes


1 The property is jointly owned by husband and wife. The assumption is that the property is not furnished.

2 Exchange rate used: 1 EUR = 1.00 EUR

3 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).

4 Estimated values only.

5 Estimated values only.

6 Estimated values only.






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