Only the net rental income is taken into account, i.e., the amount remaining after repayment of the loan to purchase the rental property, and payment of property taxes.
Example:
Amount of rent: €550 per month.
Amount of loan to be repaid by the sponsor, who is the owner of the rental property: €350 per month.
Amount of annual property tax divided by twelve: €50 per month.
+> Net rental income: €150 per month
The sponsor must present the following supporting documents:
- Proof that he is the owner of the rental property (e.g., a deed of sale, a title deed);
- The rental contract for the property being rented out. If this property is a dwelling, the rent contract must be registered (cf. https://financien.belgium.be/nl/E-services/MyRent);
- Bank account statements proving that rent is regularly deposited; and
- A copy of his most recent property tax assessment notice. This document is sent by the FPS Finance and states the amount of property tax.
Note: Not to be confused with the personal income tax assessment notice.
The sponsor who has taken out a loan to purchase the rental property must also present a document issued by his bank indicating the amount to be repaid each month.
The sponsor who did not take out a loan to purchase the rental property, or who repaid the loan, must prove that he is not repaying a loan. This certificate can be obtained through the Individual Credit Register: https://www.nbb.be/en/central-credit-registers/individual-credit-register-icr
Useful info:
You can find most of the documents issued by the FPS Finance on the site www.myminfin.be