Development operations

Development operations


Since 2010, the person (other than individuals) conducting the operation has been irrevelant in terms of the applicable tax regime; the tax regime is the same for property developers, dealers or investors carrying out a one-off operation.


Development operations can generally be summarised as follows:

In tax terms these operations have consequences at the following levels:

    • acquisition: application of land tax and / or VAT;
    • building works: application of VAT (declaration and possible delivery to oneself);
    • resale: VAT and / or land tax (TPF).



Real estate assets subject to major restructuring operations may be equated to new buildings.

This specific situation is outlined below (see hyperlink: Focus - Major restructuring operations).

This document and the information it contains are intended to provide as complete and accurate information as possible. It is however theoretical in nature and must undergo all necessary checking prior to its application. FiscalImmo and its authors cannot in any circumstances be held liable on the basis of this document.