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News 1st of March 2021 By Febe Louage and Stephanie Vanmarcke

Foreign real estate also subject to CI

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Foreign real estate also subject to CI

Taxation no longer based on potential rental value

What will happen in practice

Example:
You bought a property in France for EUR 300,000. First, divide this by the corrective factor of 15.036 to determine the market value in the 1975 reference year. EUR 300,000/15.036 = EUR 19,952. To calculate the final CI, multiply this amount by 5.3%. The CI for such a property is EUR 1,057 (0.053*19,952).

Required actions on your part

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Disclaimer
We base our advice on current legislation, interpretations and legal doctrine. This does not prevent the administration from being able to challenge it or to change existing interpretations.
Febe Louage
Febe Louage
Stephanie Vanmarcke
Stephanie Vanmarcke