Transfer of Family-owned Companies by Succession or by Gift Inter Vivos According to Belgian Succession and Registration Taxes

Under Belgian constitutional law, succession tax and registration tax are regional taxes. For the Flemishgovernment, the legislative competence in this field seems an important instrument for policy making. In anattempt to sustain familial entrepreneurship as a valuable element in our society's economic texture, the inheritanceof a family-owned company is exempted from the Succession Tax (art. 60bis Succession Tax Code for the FlemishRegion). It is useful to analyse this measure. More precisely, it is interesting to figure out the material conditionsfor the aforementioned exemption and policy-... Mehr ...