3 ms·
Belgium does that? There is a sort of property tax (cadastre I think), but it’s not very high. And rent income is tax free
by the_svd_doctor 5y ago
Belgium does that? There is a sort of property tax (cadastre I think), but it’s not very high. And rent income is tax free
- tverbeure 5y agoThey call it cadaster income, which, according to the Belgian ministry of finance website, is “a fictitious income that corresponds to the average yearly net income of the property to the owner.” Isn’t that pretty much the same as “imputed rent”, after subtracting costs? (I haven’t seen an Belgian tax bill in over 20 years, but I remember that estimate income to be very low indeed.)