Meanwhile,
Cadastre fortunes belgium: false good:
At the end of June. In addition, after months of tensions between government parties, the Federal Coalition of Prime Minister Bart de Wever adopted a capital gains tax. Similarly, It will come into force on January 1, 2026. Nevertheless,
One in seven adults in Luxembourg has more than a million euros – Cadastre fortunes belgium: false good
This tax measure. In addition, qualified as “solidarity contribution”, provides for a 10% levy on the gains made during the sale of financial assets. Moreover, If they have been made in the past, they are not affected. Similarly, An annual exemption of 10. Similarly, 000 euros is planned per person, this exemption being indexed annually and which can increase up to 15,000 euros under certain conditions.
The tax will apply to listed or not on the stock market, investment funds, options, insurance cadastre fortunes belgium: false good products (branches 21 and 23), cryptocurrencies. For example, The losses can be deducted from the gains, but only for the capital losses after 2026. Therefore, The calculation reference will be the market value of the assets on December 31.
The spectrum of a fortune cadastre
However, according to Johan Thijs, CEO of KBC bank, the implementation today poses major challenges. Meanwhile, In an interview granted last week to Litterhe underlines: “We are today on August 7. Therefore, we have still not received the terms. Furthermore, We know the main lines, but not the finesse. In addition, ” He believes that a six -month test period would be necessary for a change in this magnitude. However, which makes the deadline of January 1, 2026 particularly tight.
More worrying for the banking sector. Furthermore, its wealthy customers, Johan Thijs fears that this tax does cadastre fortunes belgium: false good not de facto lead to the establishment of an inventory of fortunes. However, He wonders: “If we have to give all the data to the taxman to control these elements. Consequently, we will head to a cadastre of fortunes. The taxman will de facto have a view of a significant part of the heritage of the Belgians. I don’t think it was the objective of the current government. ”
Tax individualization could cost the State up to 900 million euros – Cadastre fortunes belgium: false good
This fear is not new. The idea of a cadastre of fortunes regularly returns to the Belgian political debate. carried in particular by the Communist PTB, Ecolo and sometimes the PS. These parties see it as a necessary tool to combat fraud and ensure increased tax justice. The PTB is particularly campaigning for a tax on large fortunes. which according to them would require a prior cadastre fortunes belgium: false good cadastre to operate fairly.
Currently. Belgium has only fragmented tools: a real estate cadastre managed by the Ministry of Finance, a central bank accounts (CAP) which does not display their sales, and various tax declarations. These instruments remain insufficient to establish a complete image of the heritage of citizens.
The resistance to such a project are multiple. The technical complexity of collecting reliable data on movable assets exceeds that of real estate. Privacy and data security issues also feed reluctance. Politically. the French-speaking Liberal MR, the Flemish nationalist N-VA and other liberal or conservative formations firmly oppose this measure, which they deem intrusive and dissuasive for investment.
National limits in the face of offshore assets
A cadastre of fortunes. even perfectly implemented, would come up against a fundamental limit: its national perimeter. The assets detained abroad, especially in Luxembourg, would cadastre fortunes belgium: false good partly escape this census. This reality illustrates the considerable challenges faced by the Belgian tax administration in a globalized financial world.
Luxembourg, a former notorious tax haven, has certainly changed under pressure from the EU and the OECD. For the past ten years, banking secrecy has been abolished for European residents.
Belgium holds its tax on capital gains
In theory. Belgium therefore automatically receives information on accounts, income from movable capital and certain assets that its residents have in Luxembourg. But in practice, many gaps remain. The CRS (Common Standard reporting) system does not cover all types of assets (works of art. physical gold, cryptocurrencies, certain structured products). Complex legal structures (trusts, foundations, holdings) can still mask real beneficiaries, and the use of nominees (nominees) remains current.
Strictly framed tax surveys
The Echo highlights the concrete difficulties cadastre fortunes belgium: false good of the Belgian tax authorities to use this international information. Thanks to the common standards of declaration (NCD). the administration has access to data on financial assets held in around a hundred countries. For 2022. 2023 taxation exercises, around 6,700 files were selected for in -depth examination, generating 72 million euros in taxes and supplements for 2022 alone.
The Belgian Senate will disappear
But these surveys are strictly supervised. The taxman has only two years after receiving the NCD sheets to conduct his investigation. A recent judgment of the Constitutional Court has further hardened these rules: the administration can only investigate in previous years if there are enough indications based specifically on the information received. and only if it did not yet know these income.
A systemic challenge
The capital gains tax planned for 2026 thus highlights a larger cadastre fortunes belgium: false good issue: the conciliation between national tax ambitions. realities of a globalized financial system. If improving transparency is undeniable, international cooperation remains imperfect. Information transfers may be slow or incomplete, data often raw and difficult to use directly.
The number of millionaires in Luxembourg has dropped in one year
Paradoxically. the capital gains tax could accelerate certain phenomena that it seeks to fight. An exit tax will be implemented. forcing taxpayers to declare their financial assets and the capital gains that they withdraw during the two years following their domiciliation abroad. This measure may well strengthen the temptation to find loopholes of the tax requirements.
The extent of the challenge is there: in a world where capital circulates freely. any unilateral tax initiative must compose with the risk of leaking the wealthiest taxpayers.
Further reading: “In Belgium, it’s not just the fries”: Daddy k at the national ball decks this Sunday, July 20, place of the ball game – Elio Di Rupo (PS): “Thanks to this man in three-room suit, I told myself that my function was used for something” – “Government measures go in the right direction” but will not achieve a employment rate of 80 % in 2030 – Belgian Moroccans could be excluded from social housing – Brussels is full of unexploited underground passages: some projects seek to invest them.