Finance Performance 27 04 2017

Two months to challenge the notification of your cadastral income

The cadastral income is the calculation base for your property tax on machinery and equipment. It is therefore crucial that you agree with the amount of cadastral income as indicated on your notification.

Why should you challenge it? 

A company's cadastral income ('revenu cadastral'; 'kadastraal inkomen') is often overvalued due to large inventories and complex tax legislation.

The cadastral income is the calculation base for your property tax ('précompte immobilier'; 'onroerende voorheffing') on machinery and equipment ('matériel et outillage'; 'materieel en outillage').

It is therefore crucial that you agree with the amount of cadastral income as indicated on your notification. 

Fixed assets included in the inventory are rarely static and hence so is your tax base: 

  • New investments are made;
  • Capital equipment reaches the end of its useful life;
  • Certain equipment should not be included in the calculation, etc…

A solid control over the aspects which determine your cadastral income means:

  • Paying the correct amount of property tax;
  • Having a clear view over your assets list;
  • Monitoring past investment and disinvestment; 
  • Gaining the opportunity to generate savings on overdue taxes for up to five years in the past;
  • Maintaining a clean tax base for the years to come.

How to claim:

To contest your cadastral income you must provide an alternative amount and justify it to the Cadastral office.

The claim must be filed within two months after receiving the yearly notification of your cadastral income amount.

Finally, the documents need to be addressed in a registered letter to the public official in charge of your property at the Cadastral office.

You did not receive any cadastral income notification? It is probably because you did not declare any changes to your inventory list. Yet, you still have a chance to review your cadastral income by contesting your property tax assessment ('avertissement extrait de rôle'; 'aanslagbiljet') in the coming months.

Do you need an expert opinion?

Ayming helps you make sure the amount of tax you pay is derived from on an up-to-date asset inventory and an accurate cadastral income. 

Contact our experts to recalculate your cadastral income, identify potential inconsistencies and associated risks. Our consultants also manage administrative procedures and  follow up on your case within the official deadlines. This way, they generate long term savings for your organisation.