Flanders reduces inheritance tax

In Belgium, gift tax and inheritance tax are regional taxes. That has not always been the case, some twenty-five years ago, the gift tax and the inheritance tax were a matter for the federal parliament. The Flemish, Brussels and the Walloon parliaments have gradually changed the rules, starting with small changes to the inheritance tax rates to some more fundamental …

Flanders reduces gift tax rate for real estate

The decree “regulations for the execution of the budgetary adjustment in 2015” of the Flemish Parliament was adopted on 3 July 2015 and published in the Belgian State Gazette of 15 July 2015. One of the salient decisions is a substantial reduction of the gift tax rates for real property. Inheritance Tax and Gift Tax in Belgium Belgian is a …

New Gift Tax Rates in Flanders

Flanders is introducing new tax rates for the donation of real property. The old rates are on the left, the new rates are on the right. Real property Gift tax on real property is calculated on the value of the donation 1 Direct line, spouses, registered partners   on the band between Rate on the band between Rate €0 – …

Tax Haven Flanders

La Dernière Heure has discovered a tax haven next door : Flanders. The occasion is that since 1 July, the gift tax on houses and apartments has been cut.  The French-language newspaper La DH made a list of the tax differences between the three regions. Officallly Brussels, Wallonia and Flanders are not supposed to compete with each other by imposing lower taxes, …