Shopping for a house of their own is at the top of the wish record for many Belgians. Most homes lack natural gentle, and in the winter this can grow to be incredibly obvious and work towards you. For any income that exceed the ceiling to your filing standing, you will usually pay the capital positive factors tax price, usually zero, 15, or 20 p.c relying in your tax braket as of 2016.
You will have to do your personal analysis on recently bought properties in your area and properties at the moment available on the market to find out an attractive promoting value, preserving in thoughts that the majority house prices have an agent’s commission factored in and you will have to discount your price as a result.
Estimate what your new mortgage or lease will be after you move (together with down payment, modifications in property taxes and householders insurance). To stroll away without paying the capital gains tax, you will need to have lived within the dwelling two out of the last 5 years.
In such a case, the whole capital positive aspects from the sale of the previous home might be thought of as brief-time period good points and taxed at the regular slab rates. However, to avoid tax on brief-time period capital positive factors, the only method out is to set it off in opposition to any short-time period loss from the sale of different property akin to stocks, gold or another property.