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Gift tax on gifts from abroad
What kind of gift tax applies in Belgium on gifts from abroad?
When I Google it, it seems closely related to inheritance tax, but inheritance tax is, as far as I understand applied in the country of the "sender".
(And most countries have rules where recent gifts are counted as a part of the inheritance).
A gift only becomes an inheritance when the person who gave it dies.
The laws in Belgium regarding gifts, inheritance and taxes are notoriously complicated, and will depend on the relationship between you and the person giving it, where the money is coming from, and where in Belgium you live, (there are different regimes in Flanders, Wallonie and Brussels).
If this gift is a small amount of money, just take it and if anyone ever asks (which is highly unlikely), say it is an interest free loan on which no taxes are applied (that's what my accountant told me to do a few years ago). If you're talking about a large amount of money, then go and talk to a notaire.
www.eatlp.org/uploads/public/Maastricht_Belgium.doc
Belgium has death duties and a gift tax, both of which are levied by the Federal State. However, the proceeds of death duties go to the Regions (Brussels-Capital, and the Flemish and Walloon Regions), which can adjust the rates and exemptions for death.
Thus, donations of property other than immovable property located in Belgium do not have to be presented to the Belgian registration authority, and therefore de facto escape gift tax where made either in the form of a manual transfer (don manuel/nl) (including a credit transfer between bank accounts)
Odd answers. Receiving a gift is not taxable in Belgium. Make a gift is. A gift from abroad is not a taxable item in Belgium. But, you have to pay tax on intrest (witholding tax) or if it is real estate that is received, a tax on the real estate is due (based on a fiscal rent value linked to the property, which is not the value of the property itself). Need to know more, just mail or call 0475387674
