- Corporate Law and M&A
- Leo Peeters
- transfer , donation , inheritance , generation , holding , suspect period
This circular letter interprets the tax treatment of transfers to another generation of family businesses in Flanders, as inserted by section 17 of the Decree of 23 December 2011 (2).
In a previous newsletter, we have already mentioned tax incentives regarding family businesses applicable in the Flemish Region as of 1 January 2012. We have also announced the
These measures relate specifically to the exemption in case of donations and reduced rates in case of inheritance of family businesses and family firms in Flanders in order to saveguard their continuity.
They are established to encourage business leaders to organize their succession while still alive, which will enhance the transfer of knowledge and experience to the next generation.
It is clear that this is even more important in these times of economic crisis.
The following items were dealt with by the circular letter :
You can read the present circular letter by clicking here.
(1) Circular FB/2012/1 of July 20, 2012 - Interpretation of regulations concerning transfers of family businesses and family firms as inserted by section 17 of the Decree of 23 December 2011, B.G. 23 August 2012.
(2) Article 140a a.s. Vl.W.Reg. and 60/1 a.s. Vl.W.Succ. inserted by Article 73 till Article 84 of Decree 2011 of 23 december 2011 containing various measures accompanying the 2012 budget, B.G. 30 December 2011.