The Belgian VAT rules for real estate are frequently the subject of discussion, both in Belgian and European contexts. Last week, the Advocate General made a statement in a notable case before the European Court (C-243/23 Drebers).
In this case, the Advocate General confirmed that renovation works on a property do not qualify as an immovable investment good and are therefore subject to the standard adjustment period of 5 years. If the Court follows the Advocate General, this case could have significant implications for the European VAT landscape in the real estate sector.
Source VAT-consult
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