Le Monde has published an interesting article on the potential influx of “tax exiles’ (exilés fiscaux) in Belgium, following the (relative) victory of the left-wing alliance, also called the Nouveau Front Populaire (NFP), in the second round of the French parliamantary elections.

I was quoted with respect to the tax incentives that Belgium can offer to wealthy French individuals (HNWI), such as the exemption of capital gains, the absence of net wealth tax, the large array of estate planning schemes (leading to -very- low gift and inheritance taxes), the possibility to subscribe to low-taxed financial (e.g., shares in equity funds of the capitalisation type) and insurance products (e.g., unit linked -class 23- insurance products),…

As tax practitioners have highlighted in the last couple of days, a relocation may not be improvised. A lot of tax and non-tax issues need to be considered. And it is ill-advised to move to Belgium (or any other country) without intention / desire to live there with one’s toothbrush, slippers and pipe😉!

Denis-Emmanuel Philippe 

• Read also the article in ‘Le Monde’.