Key figuresPersonal & estate taxation

Belgium

1| Gift

GIFT OF IMMOVABLE PROPERTY (3 REGIONS)
Direct line rate, between spouses and between cohabitants	Rate between all other persons
Portion of the gift
from to (inclusive)
0.01 150.000 €	3%	10%
150,000.01 250,000 €	9%	20%
250,000.01 450,000 €	18%	30%
Over 450,000 €	27%	40%

GIFT OF MOVABLE PROPERTY
	Flanders and Brussels	Wallonia
Direct line rate, between spouses and between cohabitants	3%	3.3%
Rate between all other persons	7%	5.5%

2| Inheritance

2.1 Brussels-Capital region

INHERITANCE TAXES (BRUSSELS-CAPITAL REGION)
TABLE I
Tax brackets	Direct line rate, spouses and between partners	Tax brackets	Rate between brothers and sisters1
from to
0.01 50,000 €²	3%	0.01 - 12,500 €	20%
50,000 100,000 €	8%	12,500 - 25,000 €	25%
100,000 175,000 €	9%	25,000 - 50,000 €	30%
175,000 250,000 €	18%	50,000 - 100,000 €	40%
250,000 500,000 €	24%	100,000 - 175,000 €	55%
over 500,000 €	30%	175,000 - 250,000 €	60%
		over 250,000 €	65%

¹ There are also special rates between uncles or aunts and nephews or nieces.
² With an exemption from inheritance tax for direct line heirs up to an amount of €15,000.00, increased in accordance with certain criteria.

RATE BETWEEN ALL OTHER PERSONS (BRUSSELS-CAPITAL REGION)
TABLE II
A Tax brackets	B Tax percentage per bracket	C Total amount of tax on previous brackets
from to
0.01 50,000 €	40%
50,000 75,000 €	55%	20,000 €
75,000 175,000 €	65%	33,750 €
over 175,000 €	80%	98,750 €

2.2 Walloon region

INHERITANCE TAXES (WALLOON REGION)
TABLE I
Net share portion	Direct line Between spouses Between legal cohabitants
from to (inclusive)	a p.c.	b EUR.
0.01 12,500.00 € ³	3
12,500.01 25,000.00 €	4	375.00
25,000.01 50,000.00 €	5	875.00
50,000.01 100,000.00 €	7	2,125.00
100,000.01 150,000.00 €	10	5,625.00
150,000.01 200,000.00 €	14	10,625.00
200,000.01 250,000.00 €	18	17,625.00
250,000.01 500,000.00 €	24	26,625.00
over 500,000.00 €	30	86,625.00

³ With an exemption from inheritance tax for direct line heirs up to an amount of €12,500.00, increased in accordance with certain criteria.

INHERITANCE TAXES (WALLOON REGION)
TABLE II
Net share portion	Between brothers and sisters⁴		Between all other persons
from to (inclusive)	a p.c.	b EUR.	a p.c.	b EUR.
0.01 12,500.00 €	20		30
12,500.01 25,000.00 €	25	2,5000	35	3,750.00
25,000.01 75,000.00 €	35	5,625.00	60	8,125.00
75,000.01 175,000.00 €	50	23,125.00	80	38,125.00
Over 175,000.00 €	65	73,125.00	80¹	118,125.00

2.3 FLEMISH REGION

INHERITANCE TAXES (FLEMISH REGION)
TABLE I
Rate for direct line acquisitions and acquisitions between partners
Per bracket in euros	Rate applicable to the corresponding bracke in column A, in %	Total amount of tax on previous brackets in euros
from up to
0.01 50,000.00 €	3%
50,000.01 250,000 €	9%	1,500
250,000.01 €	27%	19,500

TABLE II (FLEMISH REGION)
Rate for an acquisition other than the acquisitions mentioned in Table I
Per bracket in euros	Rate applicable to the corresponding bracket in column A, in %		Total amount of tax on previous brackets in euros
from up to	Between brothers and sisters	Between others	Between brothers and sisters	Between others
0.01 35,000 €	25	25
35,000.01 75,000 €	30	45	8,750	8,750
75,000.01	55	55	20,750	26,750

In all three regions, the surviving spouse is exempt from inheritance tax for the rights in the family home he or she acquires following death. If direct lineal heirs acquire rights in the family home of the deceased, they are taxed at a preferential rate.

⁴ There are also special rates between uncles or aunts and nephews or nieces.

3| INCOME TAX

TAXATION OF INCOME 2023 (NATURAL PERSONS)
TAX YEAR 2024:
Tax rate	Taxable brackets
25%	Income from €0.01 to €15,200⁵
40%	Income from €15,200 to €26,830
45%	Income from €26,830 to €46,440
50%	Income bracket above €46,440

INVESTMENT INCOME:

The ordinary tax rate for dividends is 30%. There are some
favourable treatment regimes (15%, 20%, etc.).

CORPORATION TAX:

The corporation tax rate is fixed at 25%. Small and medium-sized
businesses nevertheless benefit from a lower rate (20%) on the
first bracket of €100,000 of profit.

⁵ For the calculation of the tax, a basic amount of 10,160 euros (indexed amount) is exempt from tax, increased by the following supplements for dependents:
1 for one child: 1,850 euros (indexed amount);
2 for two children: 4,760 euros (indexed amount);
3 for three children: 10,660 euros (indexed amount);
4 for four children: 17,250 euros (indexed amount);
5 for more than four children: 17,250 euros (indexed amount) increased by 6,580 euros (indexed amount) per child beyond the fourth;

4| LIFE INSURANCE

Whether this is taxed or not depends on the structuring of the contract (policyholder – insured person – beneficiary), in accordance with point 1 (inheritance taxes).

5| PROPERTY DIVISION

Tax valuation of usufruct and bare ownership (Art. 47 of the Code des droits d’enregistrement (Code of registration duties) in the Brussels-Capital region and the Walloon Region / Art. 2.9.3.0.4 of the Vlaamse Codex fiscaliteit (Flemish Code of Taxation) in the Flemish Region).

MULTIPLICATION OF THE ANNUAL INCOME OR, FAILING THAT, THE RENTAL VALUE,
BY THE COEFFICIENT DETERMINED BY THE AGE AS GIVEN BELOW
Coefficient	Age
18	20 or under
17	over 20 but under 30;
16	over 30 but under 40;
14	over 40 but under 50;
13	over 50 but under 55;
11	over 55 but under 60;
9.5	over 60 but under 65;
8	over 65 but under 70;
6	over 70 but under 75;
4	over 75 but under 80;
2	over 80.

If the usufruct is established for a limited time, the market value is represented by the sum obtained by capitalising
at the rate of 4%

6| PROPERTY WEALTH TAX

None

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