Income tax on rent, worked example, in Belgium
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| NON-RESIDENT COUPLE (DEEMED RENTAL INCOME)1 | ||||
| Monthly Rental Income2 | 1,500 | 6,000 | 12,000 | |
| Annual Rental Income | 18,000 | 72,000 | 144,000 | |
| Deemed Rental Income3 | 2,000 | 10,000 | 24,000 | |
| Income Tax Rate4 | ||||
| Up to € 13,250 | 25% | 500 | 2,500 | 3,313 |
| €13,250 - € 23,390 | 40% | - | - | 4,056 |
| €23,390 - € 40,480 | 45% | - | - | 274.50 |
| Over € 40,480 | 50% | - | - | - |
| Annual Income Tax Due | €500 | €2,500 | €7,643 | |
| Other Taxes | ||||
| Commune Tax5 | 49 | 286 | 1,459 | |
| Real Estate Tax6 | 910 | 4,549 | 10,917 | |
| Annual Income Tax Due | €1,459 | €7,335 | €20,019 | |
| Tax Due as % of Gross Income | 8.11% | 10.19% | 13.90% | |
Thanks to: |
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Notes
1 The property is jointly owned by husband and wife. The assumption is that the property is not furnished.
2 Exchange rate used: 1 EUR = 1.00 EUR
3 When the property is rented out to a private individual who does not use the premises for professional purposes, the taxation of income is based on the "deemed rental income" (estimated annual rental value).
4 Estimated values only.
5 Estimated values only.
6 Estimated values only.
