the Engaged refuse any savings on health care, “we must not leave the field alone to the MR and the N-VA”

MR and Engagés confirm the intention to reduce inheritance taxes

Walloon Minister Willy Borsus (MR) and federal deputy Vanessa Matz (Les Engagés) confirmed on Sunday, on the set of the show ‘Rendez-vous’ on RTL-TVi, the intention of the future regional coalition to attack to inheritance tax in Wallonia. This measure had already been mentioned last week by the presidents of both parties.

By Sudinfo with Belga

Published on 06/16/2024 at 2:16 p.m.

Walloon Minister Willy Borsus (MR) and federal deputy Vanessa Matz (Les Engagés) confirmed on Sunday, on the set of the show ‘Rendez-vous’ on RTL-TVi, the intention of the future regional coalition to attack to inheritance tax in Wallonia. This measure had already been mentioned last week by the presidents of both parties.

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For Willy Borsus, the objective is to work “progressively, starting with the most direct lines”. According to the liberal, the current inheritance tax would be transformed into a “transmission tax”, citing a rate of “for example 5%”. The measure will be subject to negotiation within a more global framework.

“We will obviously have to compensate elsewhere,” added Vanessa Matz, in reference to a broader tax reform. In his eyes, the reduction in inheritance tax is “not a right-wing measure”. “The big estates have sorted themselves out before,” she observed.

Currently, inheritance taxes are progressive in Wallonia with different rates depending on the amounts and the degree of relationship.

Towards an abolition of inheritance taxes in Wallonia: MR and Engagés share the same objective

The lowest rate is 3%, for amounts less than 12,500 euros on inheritances between spouses, cohabitants and heirs in the direct line (child, grandchild, parent, grandparent, etc.), we can read on the SPF Finances website The highest rate is set at 80%, for amounts above 75,000 euros on inheritances excluding spouses, cohabitants, children in the direct line, brothers and sisters, uncles, aunts, nephews and nieces.

Exemptions and reductions exist. Thus, the surviving spouse or legal cohabitant benefits from a total exemption on the net share collected in the building which served as the deceased’s main residence, if he or she had lived there for at least five years at the date of death.

Inheritance taxes bring in 800 million euros to the Walloon budget each year.