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Becoming a homeowner is a significant financial investment, especially because of the mortgage. Fortunately, tax exemptions exist to allow you to benefit from certain advantages and thus to lighten your budget.

What tax exemptions can you benefit from?

One of the main tax exemptions you can potentially benefit from is a exemption from the property tax for your home. This can be permanent or temporary:

  • New constructions are automatically exempt from property tax for 2 years, starting from January 1st following the date of completion of the works.
  • If your home was built before January 1, 1989 and you perform energy performance improvement work, you can also be exempt from property tax for 5 years.
  • Housing that benefits from a BBC label may also benefit from a partial or total exemption from the property tax for 5 years. This exemption depends on the municipalities.
  • You can also benefit from a means-tested property tax exemption.

Depending on your resources, you can also benefit from partial or total exemption from your housing tax.

How to benefit from a tax exemption?

To benefit from a tax exemption, everything depends on your situation. If you wish to benefit from an exemption from your property tax:

  • For new construction, report your construction within 90 days of completion.
  • Following work to improve energy performance, declare your work before the 1st of January of the year concerned by the tax exemption.
  • Following the purchase of a BBC home, you must also declare the purchase before the 1st of January of the year concerned by the tax exemption.

For the property tax as for the housing tax, the reductions or exemptions related to the resources are done automatically.


Video Instruction: Exemptions and income taxes