Property declaration: good news, some owners will get away with it this year!

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You must submit your asset declaration by June 30 at the latest. But only if there are changes since last year. Otherwise, and this is the good news, you have nothing to do!

Capital Video: Property declaration: good news, some owners will get away with it this year!

© Bruno Lévy for capital

For the second year in 2024, if you own property, you may need to redo your property declaration. This must be done by June 30 at the latest.

This new formality was introduced last year. Why ? Because housing tax has been abolished for main residences. And the administration has only this means, the real estate declaration, to implement sorting between your taxed properties and those that are now exempt. Obviously, your property tax return is used to send the correct housing tax invoice. It’s so simple!

That is why the tax authorities ask you to make this classification how many properties you own and the nature of their occupation:

Is it your main residence, your secondary residence, accommodation that you rent or accommodation without a tenant:

  • If it is your main residence, you will be exempt from housing tax,
  • You will also be exempt for the property you rent out → housing tax is actually paid by your tenants;
  • And you will be taxed under housing tax on your second home or your vacant accommodation without a tenant.

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Repeat this only if there are changes

That’s the reason. Now let’s move on to the how. Filling out the asset declaration is a bit tedious, but I have great news for you.

If you already filled in the property declaration last year and there was no change, the good news is that you don’t have to do anything this year. It’s not like an income tax return that you have to repeat every year. This is where you make your property declaration once and for all and only edit it if there are changes.

what is change If you are buying or selling a property, if your tenants change or leave and you no longer have them, etc.

Please note that you must report your situation on 1 January each year. And you must therefore correct your return by June 30 if your real estate situation on January 1, 2024 is different than on January 1, 2023.

If the changes happened after January 1, 2024, you don’t have to do anything this year and you’ll have until next year, June 30, 2025, to declare them, which gives you some time!

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