Taxation on crypto investments
Introduction As crypto and blockchain are becoming more and more popular under private investors, the question how these investors should deal with taxation of these…
End-of-year tips
Utilise the first corporation tax bracket
The current corporation tax rate is 15% on profits up to EUR 245,000 and 25% on the excess over this amount. From next year onwards,…
Utilise the annual gift tax allowance
You can annually gift money tax-free up to the maximum level of the gift tax allowances. In connection with COVID-19, the gift tax allowances have…
Set up a savings company
If you have a lot of savings or low yield assets as a private individual, these are taxed annually for personal income tax purposes (Box…
Do not delay arranging your business succession…
The business succession facility (“BOR”) offers entrepreneurs the possibility of transferring their business to the next generation in a tax-friendly manner, subject to certain conditions….
BOR and the Personal Income Tax Act (substantial interest, Box 2)
If you do not make use of the BOR for personal income tax purposes (“BOR-IB”), gifting a substantial share interest will constitute a taxable alienation…
BOR and the Inheritance Tax Act (gift tax and inheritance tax)
If you do not make use of the BOR for inheritance tax purposes (“BOR-SW”), gifting a substantial share interest to a proposed successor will trigger…
Family structure
Our clients often ask us what is the most flexible and tax-efficient way to transfer their assets to the next generation. This type of transfer…