Cadastre reference value

On January 1, 2022, a new tax value on properties was introduced. This means that the purchaser of a second-hand property has to pay the property transfer tax on the market value. Before the year 2022, the purchaser paid this tax on the purchase price.

How is the market value calculated? To calculate the market value, the sale prices of properties will be taken into account, this information will be provided by the Notaries and the Land Registers.

If you buy a property for a value lower than the Cadastre reference value you have to pay taxes for the value indicated by this one.

If you choose to declare for the price of the sale, and if it is below the reference value, the Tax Office can sanction you.

You have the possibility to appeal the reference value if you do not agree with it. However, the burden of proof lies with you, you have to prove that the Cadastre reference value does not correspond to the market value.