Conditions for tax break
Conditions for tax break
To benefit from a tax break, you need to comply with the following conditions:
- You deposit at least EUR 390.60 (= 3 x 1/20th Incofin cvso share worth EUR 130.20) in 2012. This way, you will exceed the legal minimum of EUR 370 to qualify for a tax break. This amount is indexed and can be raised or lowered over the following years;
- You keep the shares for at least 5 years (60 months) without interruption (except in the case of death);
- You are a private shareholder;
- You live in Belgium;
- You include with your tax declaration the certificate which you receive from Incofin (before 31 March of each tax year).
How much will the tax break be?
The tax break for the income year 2012 amounts to a maximum of EUR 310. This corresponds to an investment of Incofin cvso shares worth EUR 6,249.60 (48 x 1/20th Incofin cvso shares worth EUR 130.20 each). This investment entitles you to a tax break of EUR 310.
Can spouses benefit from a tax break?
Yes, spouses can obtain a complete reduction if the shares are issued in their name.
What happens if you keep the shares for less than 5 years?
If you do not keep the shares for at least 5 years (60 months), your taxes will be raised again in the final assessment. This will be taken into account in your taxes for the year during which you sell your shares and is calculated as follows: 1/60th of the tax break obtained multiplied by the remaining number of months until the end of the 5 year period.
What happens in the case of demise?
In the case of demise (within the 5 year period), the tax break obtained remains in effect.
