New tax on capital gains in Belgium: how will it work? With Pieter van der Velden [029]
Description
On the 1st of January, a new tax will impact all investors in Belgium. But how does it work? What do we know about this tax right now?
This is what we cover in this masterclass presentation with Pieter van der Velden, author of the white paper on this topic for Vermorgensgids.
From what we know of the tax right now, it looks like we will all need to learn to deal with it even if we invest with Belgian brokers. Which is why this episode of the FIRE Belgium Show is so important.
In this presentation, we cover:
1. Who will be subject to the new capital gains tax (CGT)?
2. What will be taxed?
- the 4 categories of assets subject to CGT
- the assets that are exempt
3. When will a taxable event be triggered?
- what happens in case of gift or inheritance?
- what happens if you move abroad?
4. How much CGT will I need to pay?
- impact on historical gains (or losses)
- what about transaction costs? and foreign currencies?
- how does the FIFO principle work in practice? What are the exceptions?
- how does the 10k exemption work in practice? And what about the 1k annual increments?
5. Practically, what does this mean for index investors?
If you’re an index investor, or you’re curious about this new tax, then this episode is for you.
If you’d like to work with Pieter directly, you can book a call with him here: Select a Date & Time - Calendly (and tell him you're coming from FIRE Belgium :-))
And if you’re new to index investing, then I recommend you watch the free interactive workshop on Index Investing for Beginners in Belgium: create passive income from the stock market, without paying high fees to banks or advisors, taking unnecessary risks or spending all day analyzing the markets. Free Workshop → https://firebelgium.com/investingworkshop
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