
Wouter Neven
Real Estate
Public & Administrative Law
Energy
Real Estate Developers & Investors
wouter.neven@lydian.be
+32 (0)2 787 90 82
Since real estate law largely falls under the jurisdiction of the national (or in Belgium: regional) authorities, it is not greatly influenced by European law. The impact of a hard Brexit on real estate law will therefore be limited.
However, a hard Brexit could have the following implications from a real estate law perspective:
As a consequence of Brexit, companies vested in the UK may also decide to move jobs out of the UK, which might in turn lead to an increased occupier demand for offices in Belgium, since the correlation between jobs and real estate is direct.
° Legal entities vested in the UK will for example no longer be granted tax benefits, such as reduced taxation when a non-profit organisation is granted a long lease or building rights (art. 83 W.Reg.).
° Also, UK-based real estate agents will no longer automatically benefit from a reduced registration duty when purchasing real estate located in Flanders (art. 2.9.4.2.4 Vlaamse Codex Fiscaliteit).
Our dedicated Lydian team is ready to assist you with any questions you might have regarding Brexit.
Contact us with all your questions on brexit@lydian.beReal Estate
Public & Administrative Law
Energy
Real Estate Developers & Investors
wouter.neven@lydian.be
+32 (0)2 787 90 82