Real estate news

Legal Newsflashes

Overview of the latest real estate news

VAT-taxed delivery of renewed buildings follows directly from the European VAT directive

17 March 2023

The Court of Justice ruled that the delivery of converted old buildings can be subject to VAT if the conversion created added value. This follows directly from the VAT Directive and must be applied regardless of whether the national VAT code contains related provisions.

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The sale of rented buildings can be VAT neutral

23 February 2023

Recent CJEU order clearly states that leased building transfer can be without VAT consequences. Find out more in the full alert. 

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Retail leases after a year of coronavirus

26 May 2021

In more than a year of coronavirus crisis, the retail sector suffered 3 different periods of lockdown which resulted in major revenue losses and seriously impacted retail leases and rent payment obligations. With direct business contact impossible or severely limited, tenants and landlords have brought retail lease cases to the courts but the resulting case law remains divided.

Brussels government loans for retail tenants

8 January 2021

The Brussels government recently launched an aid measure whereby the Region can make loans available to retailers and craftsmen that are no longer able to pay rent for their retail premises on Brussels territory. The Flemish Region adopted a similar measure on 29 May 2020.

Important legislative developments for B-REIT and S-REIF sectors

14 May 2019

Although the elections are fast approaching, the Federal Parliament has been very active during the past months, resulting in the adoption of numerous bills. Some of those are of significant importance for B-REITs (“Société Immobiliére Réglementée” (“SIR”) / “Gereglementeerde Vastgoedvennootschap” (“GVV”)) and S-REIFs (“Fonds d’investissement immobilier spécialisé” (“FIIS”) / “Gespecialiseerd Vastgoedbeleggingsfonds” (“GVBF”)).

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