08 December 2023

Abolition of the second residence tax deduction

by Stephanie Vanmarcke and Ine Coolman

At the beginning of 2023, we told you that this year would be the perfect time to invest in a second residence. This is because, from 1 January 2024, the federal tax deduction for capital repayments on mortgage loans for the construction, acquisition or conversion of a property located in the European Economic Area (EEA) will be abolished.

To qualify for the tax reduction, it is important that the date of the authentic loan deed is before 1 January 2024. If no authentic loan deed is executed, the date of acceptance of the loan offer will apply. For a refinancing loan, the date of the original loan is used.

The federal tax reduction for interest on second home mortgage loans will not be abolished. Interest on such loans will continue to be deductible.

Do you have any questions about the abolition of this tax reduction? Please contact one of our specialists at

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Stephanie Vanmarcke

Team Manager International

Ine Coolman

Advisor International

In our opinions, we rely on current legislation, interpretations and legal doctrine. This does not prevent the administration from disputing them or from changing existing interpretations.

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