Belgium: New property law measures

New property law measures in Belgium are effective beginning 1 September 2021.

New property law measures in Belgium are effective beginning 1 September 2021.

New property law provisions are effective beginning 1 September 2021.

The reforms regarding “goods” (les biens) are intended to modernize the provisions of the Napoleonic Civil Code by providing greater functionality and flexibility. The reforms also gather the property law rules in a single location within the Civil Code.

Among the changes are measures that allow the possibility of creating a perpetual surface right and allowing the division of property in volumes, as well as a modification to the minimum duration of a real property leasehold right (from 27 years to 15 years).

Read a September 2021 report (French) prepared by the KPMG member firm in Belgium

 

The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.