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The bank guarantee: (not) a payment guarantee?
15 November 2021

In the current economic climate a bank guarantee for stakeholders in construction projects can be a useful instrument to obtain additional (financial) security. For instance, a client or contractor ca...

Update: Change in sales duties in Flanders
18 October 2021

The Flemish Government in its September Declaration of 27 December 2021 announced it would reduce the registration tax for family homes from 6% to 3%. By contrast, the purchase of a second residence, ...

Towards a tax balance for second residences?
20 September 2021

The government will most likely abolish the personal income tax cut for loans for second residences. As a consequence, owners may see a moderate increase in the costs of a second residence. This might...

New contract law in the works
17 June 2021

The legislator has been working for some time on an overall reform and modernisation of Belgian civil law. This will be reflected in a new Civil Code, two books of which have already been completed. O...