Click here to consult the article that appeared in Insights, 4 (1), pp. 17-26.
Friday, 27 January 2017
Income Taxation of Trusts in Belgium
Trusts do not exist under Belgian civil law. However, trusts governed by foreign law are generally analyzed by applying conflict of law rules. As a result, Belgium will generally recognize trusts formed under applicable foreign laws. In Belgium, trusts can be subject to both income tax and gratuitous transfer taxes (by reason of death or inter vivos). This article only focuses on income tax issues.