Belgium: Worked Example of Tax on Rent
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Tax Example: Rent
| NON-RESIDENT COUPLE (DEEMED RENTAL INCOME)1 | ||||
| Non-resident couple's 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 | (1,090) | (5,740) | (18,570) | |
| Annual Income Tax Due | €2,090 | €11,240 | €31,670 | |
| Tax Due as % of Gross Income | 11.61% | 15.61% | 21.99% | |
Thanks to: |
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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 August 26, 2008.
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.
| NON-RESIDENT COUPLE1 | ||||
| Monthly Rental Income of the Property2 | €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 | (3,510) | (18,010) | (37,830) | |
| Annual Income Tax Due | €4,610 | €23,510 | €50,930 | |
| Tax Due as % of Gross Income | 25.61% | 32.65% | 35.68% | |
| Thanks to: |
||||
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 August 26, 2008.
Notes
1 When the property rented out to is used by the lessee (company or private person) for professional purposes, the taxation of income is based on the rental income (rent received).
2 The property is jointly owned by husband and wife.
3 Estimated values only.
4 Estimated values only.
5 Estimated values only.
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