summary. Another 21% VAT on solar panels, 6% on demolition and reconstruction: these renewal premiums will not change (yet) in 2024 | money

For many renovation jobs, you can apply for Flemish My Renovation Premium via Online counter. This premium is given, among others, for roof insulation, wall insulation, floor insulation, window and door works, installation of a heat pump, solar boiler or heat pump boiler, renovation of interior walls, roof, stairs, electricity or plumbing. . You will be reimbursed up to 50 percent of the bill amount if you belong to the lowest income group. Artisans who fall under the middle income category will receive a 35 percent refund.

The premium amounts were originally scheduled to be reduced, but the Flemish government decided to maintain the increased amounts until the end of 2024.

The additional premium for asbestos removal with wall insulation (residential and non-residential) or roof insulation (non-residential) will also be extended until the end of 2025. The premium is 8 euros per square meter and you can also apply via the online counter for My Renovation Premium.

The Flemish Adjustment Premium income limit is indexed annually. This premium is available to people over 65 who carry out adaptation work in their homes, such as installing technical aids or making the home easier to access. From 2024, your income as a single person could reach a maximum of €37,140. More information can be found on the Flanders website. If you are entitled to receive a premium, please submit the signed form Application form And the necessary supporting documents for the Flanders Housing Agency.

Rental installments are also indexed annually, representing financial support for low-income tenants waiting for social housing. From 2024, the rental premium will be at least €177.76. You will receive the application form automatically if you meet the conditions.

The Flemish demolition and reconstruction premium of €10,000 will be extended indefinitely for environmental applications from 2024. The premium is only available to those who are not eligible for the reduced VAT rate for demolition and reconstruction. In addition, from 2024 onwards, you must meet two additional requirements to be able to apply for the premium: You can no longer connect the house to the natural gas distribution network and you must demolish it in accordance with asbestos requirements. The demolition and reconstruction bonus can be applied throughout the Flemish territories, including the thirteen central cities where this is not possible until the end of 2023.

Please note: You must apply for the installment within three months after the Municipal Council approves the joint application for demolition and reconstruction. The order is completed in two steps Connected.

More good news: The federal government has decided to extend the reduced 6 percent VAT rate for renovation, demolition and reconstruction projects to individuals. Anyone who buys a rebuilt home through a building developer must pay 21 percent VAT, unless the environmental permit for the reconstruction is submitted before 1 July 2023. A limited number of transitional measures are provided for in 2024.

From 1 January 2024, the VAT rate for installing solar panels or solar boilers will rise again to 21 percent for homes that are less than ten years old. The solar panel premium will also disappear from 2024. The reduced VAT rate will continue to apply to the installation of heat pumps for homes that are less than ten years old.

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