Belgium Inheritance Tax and Laws

Inheritance t

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ax is levied at progressive rates and varies according to the degree of kinship, region where the inheritance is opened and to the share inherited by each of the heirs. The tax is, in principle, computed on the fair market value of the property each beneficiary is entitled to receive from the estate.

For residents, the tax base is the gross value of the estate (i.e. assets in Belgium) less any debts incurred by the estate. For non-residents, tax is chargeable on the gross value of the estate, without any deductions.

INHERITANCE – BRUSSELS REGION

If the deceased was resident in the Brussels region, the spouse, direct descendants and direct ascendants are entitled to a tax-free allowance of €15,000 each. For children below 21 years of age, the allowance is increased by €2,500 for each year below the age of 21. For other beneficiaries, inheritances not exceeding €1,250 are not taxable.

INHERITANCE TAX: BRUSSELS REGION
TAX BASE(€)     TAX RATE
Up to €50,000     3%
€50,000 – €100,000     8%
€100,000 – €175,000     9%
€175,000 – €250,000     18%
€250,000 – €500,000     24%
Over €500,000     30%

The rates for brothers and sisters vary between 20% and 65%, where the minimum rate applies to inheritances up to €12,500 and the maximum rate applies to inheritances exceeding €250,000.

The inheritance rates vary between 25% and 70% for uncles, aunts, cousins, nieces and nephews. For all other individuals, the tax is levied between 40% and 80%. The minimum rate applies to inheritances up to €50,000 and the maximum rate applies to inheritances exceeding €175,000.

INHERITANCE – FLEMISH REGION

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INHERITANCE TAX: FLEMISH REGION
TAX BASE(€)     TAX RATE
Up to €50,000     3%
€50,000 – €250,000     9%
Over €250,000     27%

The rates for brothers and sisters vary between 30% and 65%. For all other individuals, the tax is levied between 45% and 65%. In all these cases, the minimum rate applies to inheritances up to €75,000 and the maximum rate applies to inheritances exceeding €175,000.

INHERITANCE – WALLOON REGION

 

If the deceased was resident in the Walloon region, the spouse, direct descendants and direct ascendants are entitled to a tax-free allowance of €12,500 each. The allowance is increased to €25,000, if the inheritance does not exceed €125,000. For children below 21 years of age, the allowance is increased by €2,500 for each year below the age of 21. For other beneficiaries, inheritances not exceeding €620 are tax-exempt.
INHERITANCE TAX: WALLOON REGION
TAX BASE (€)     TAX RATE
Up to €12,500     3%
€12,500 – €25,000     4%
€25,000 – €50,000     5%
€50,000 – €100,000     7%
€100,000 – €150,000     10%
€150,000 – €200,000     14%
€200,000 – €250,000     18%
€250,000 – €500,000     24%
Over €500,000     30%

The rates for brothers and sisters vary between 20% and 65%. The rates vary between 25% and 70% for uncles, aunts, cousins, nieces and nephews. For all other individuals, the tax is levied between 30% and 80%. In all these cases, the minimum rate applies to inheritances up to €12,500 and the maximum rate applies to inheritances exceeding €175,000.

Source Global Property Guide