Government has submitted draft program law to parliament
Amendment concerns reduced VAT rate of 6 percent for demolition and reconstruction of homes
Reduced VAT rate applies to delivery of home after demolition and reconstruction by a supplier
Property can be sold to a natural person who will occupy the property himself
Social criteria apply to habitable surface area, own home, only home and domicile
Property can also be sold to a person or legal entity for long-term social rental
No condition regarding habitable surface for social rental
Property can be sold for long-term private rental with a living area of maximum 175 m²
Assessment of sole residence criterion and preventive possession will be different
Entry into force of the amendment is scheduled for July 1, 2025
More details on the amended provisions will be published soon
Source: financien.belgium.be
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
