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L'avantage fiscal des holdings luxembourgeoises au niveau de la planification successorale des habitants du Royaume de Belgique

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Gendebien, Nicolas ULiège
Promotor(s) : Philippe, Denis-Emmanuel ULiège
Date of defense : 4-Sep-2017/11-Sep-2017 • Permalink : http://hdl.handle.net/2268.2/3580
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Title : L'avantage fiscal des holdings luxembourgeoises au niveau de la planification successorale des habitants du Royaume de Belgique
Author : Gendebien, Nicolas ULiège
Date of defense  : 4-Sep-2017/11-Sep-2017
Advisor(s) : Philippe, Denis-Emmanuel ULiège
Committee's member(s) : Heck, Stéphanie ULiège
Richelle, Isabelle ULiège
Language : French
Number of pages : 130
Keywords : [en] Estate planning
[en] Succession planning
[en] Tax planning
[en] Succession rights
[en] Gift tax
[en] Tax abuse
[en] Caïman tax
[en] Holding structure
[en] SO.PAR.FI.
[en] S.I.Ca.V.-S.I.F.
Discipline(s) : Business & economic sciences > Finance
Law, criminology & political science > Tax law
Law, criminology & political science > Civil law
Institution(s) : Université de Liège, Liège, Belgique
Degree: Master en sciences de gestion, à finalité spécialisée en Banking and Asset Management
Faculty: Master thesis of the HEC-Ecole de gestion de l'Université de Liège

Abstract

[en] Over the years, the succession planning has raised a real fascination in the mind of the taxpayers. The paramount of this art is to be able to combine in a unique tool both the active management - maintaining a certain control and a regular income - and the succession according to the taxpayer's needs. The aim is to allow the optimized transfer of goods at the time of the deceased’s death.
A large number of Belgian residents are obsessed with the idea that a small part of the population referred as the High Net Worth Individuals, may use different holding structures to evade or to reduce their tax burden. They morally condemn the use of this estate planning by the H.N.W.I. even if it is not illegal in facts.
The purpose of this thesis is to study if the use of the Grand Duchy of Luxembourg’s holding companies such as the SO.PAR.FI. and the S.I.Ca.V.-S.I.F. still offers “a tax optimization with regards to the Belgians’ succession planning?”. This will be achieved through an in-depth analysis of the SO.PAR.FI. which is fully eligible to the Double Taxation Agreements and which is fully subject to Luxembourg’s corporate tax and minimum wealth tax. In addition, it will be demonstrated why the attractiveness of the S.I.Ca.V.-S.I.F. is now reduced despite the unique levy of a limited annual tax. In fact, due to its portfolio risk aversion and diversification constraints as well as the recent evolution of the Belgian legislation, this holding structure will be useless in achieving the Belgian paterfamilias’ objective of tax optimization.
In addition, this paper will study the benefits for a Belgian resident to move to the Grand Duchy of Luxembourg: the step-up principle and the 0% rate of succession rights in direct line.


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  • Gendebien, Nicolas ULiège Université de Liège > Master sc. gest., à fin.

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