The prospect of higher taxes on the wealthy in the UK and France has led some to consider moving abroad.
In the UK, Prime Minister Keir Starmer’s Labour government is planning to scrap preferential tax treatment for rich foreign residents — so-called non-doms — including on assets they hold in overseas trusts. A move by Chancellor of the Exchequer Rachel
Reeves to raise taxes on capital gains or inheritance is also widely believed to be in the cards.
“Belgium is a mini tax haven for high-net-worth individuals,” said Denis-Emmanuel Philippe, a Brussels-based co- founder and partner at Bloom law firm. The country retains its allure partly because of the exemption of capital gains on shares, the absence of a wealth tax other than a levy on securities accounts, and low gift and inheritance taxes, he said.
Read the article in Bloomberg News, Paris
