Minister of Finance, Vincent Van Peteghem, has clarified the conditions for the reduced VAT rate for demolition and reconstruction on his official website.
Starting January 1, 2024, the reduced rate for property developers (for the sale of a reconstructed home) will no longer apply, and the specific measure for the 32 center cities will be abolished. The reduced VAT rate for demolition and reconstruction works will then apply throughout Belgium under the same conditions. For individuals, the condition is that it must be their only and principal residence with a maximum surface of 200m². Both individuals and legal entities can still benefit from the reduced rate when they engage in long-term rentals within the scope of social housing policy.
Source VATconsult
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