Real estate news
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.
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”)).