The art of writing a tax-efficient Will

A Will is a useful tool for tax planning, in fact, it is the first and last tool for tax and estate planning. Getting the Will right is important. Since no inheritance tax is due on the family home between husband and wife and between registered partners, it can be advantageous to leave the family home in full to your spouse or partner. But then …

Estate planning without children

When you do not have any children, estate planning gets a bit more complicated When we think of estate planning, we think of a family with two parents and two children. The reality is often quite different. The inheritance tax rates for siblings, nieces and nephews, or family friends are easily twice the rates for children and parents. How can we make our estate planning …

The Art of the Gift

n Belgium, one way of planning one’s estate is to make gifts during one’s lifetime. If gift tax is paid, no further inheritance tax will be due. Gift tax is due on all gifts before a notary. However, it is not obligatory to make gifts of movables before a notary. Hand-to-hand gifts and bank gifts are valid and exempt of gift tax. Nonetheless, the donor …

The New Expatriate Tax Regime

Belgium replaces Expatriate Tax Regime by an Impatriate Tax Regime Next year, Belgium will phase out its expatriate tax regime and introduce an impatriate tax regime. That will simplify the advantageous tax regime for This webinar will set out the conditions and benefits of the new tax regime for impatriates. The new regime will simplify the procedure and the tax benefits, a simple allowance of …

What does the taxman want to know about my overseas property

The Belgian tax authorities have given in to the ECJ. Now they want to give a cadastral revenue to your overseas properties. Need some help? After the European Court of Justice ordered Belgium to change its rules on the taxation of overseas properties and to pay a penalty of €2 million and a daily payment of €7,500 (for prior coverage see here). Finance Minister Vincent …

Estate Planning for Expatriates

Mort subite … What happens when an expatriate dies in Belgium? An international lawyer Marc Quaghebeur and Dave Deruytter of ING demystify the matter, including the key international aspects.  Mort subite: hat happens when I die as an expatriate in Belgium?  What are the inheritance rules in Belgium and what are the key international aspects? What can your bank do for you to help you with …

Constitutional Court gives foreign (inheritance) tax credit

Banco de Espana

In a decision of 3 June 2021, the Constitutional Court ordered a major change of the Belgian inheritance tax code, or rather the three regional inheritance tax codes. The Court ruled that the inheritance tax legislation in all three regions, is discriminatory, where it grants a credit for overseas inheritance tax on foreign real property, but not for overseas inheritance tax levied on movable assets …

How do you tax overseas real property …

… without infringing European law? After the European Court of Justice ordered Belgium to change its rules on the taxation of overseas properties and to pay a penalty of €2 million and a daily payment of €7,500 (for prior coverage see here). Finance Minister Vincent Van Peteghem rolled out an ambitious plan to set up a register of all properties held by Belgian residents all …

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Confused UK retirees …

The Belgian tax authorities are emphasising that it has nothing to do with Brexit, but this year, they have suddenly decided to tax Belgian state pensions paid to British retirees living in the UK. The problem is the double tax treaty between Belgium and the United Kingdom and the transitional rule for older retirees. What is it all about? If you live in one country …

Taxes in Corona Times

Covid-19 has changed certain rules and habits. You cannot visit the tax office to get help to complete your tax return, that has to be done over the phone (see Help!?). You may have been forced to work from home and your employer could pay you a tax-free allowance of €126.94 for working at home, plus €20 (for the use of your own pc) and …