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Dec 20, 2016

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 10,860 25% 500 2,500 2,715
10,860 - 12,470 30% - - 483
12,470 - 20,780 40% - - 3,324
20,780 - 38,080 45% - - 1,449
Over 38,080 50% - - -
Annual Income Tax Due 500 2,500 7,971
Other Taxes
Commune Tax5 49 286 1,459
Real Estate Tax6 910 4,549 10,917
Annual Income Tax Due 1,459 7,335 20,347
Tax Due as % of Gross Income 8.11% 10.19% 14.13%
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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