gains

This 10% capital gains tax applies to natural persons with a tax residence in Belgium and non-profit associations and foundations with the exception of those that are being recognised as tax deductible for gifts. Natural persons with a tax residence outside Belgium and legal entities (such as companies that are subject to corporate income tax) are exempt from capital gains tax.

When a life insurance policy is subject to capital gains tax, the tax is due as soon as a capital gain is realized upon surrender or upon the payment of the death benefit at the end of the policy term.If the policy is paid out following the death of the insured, the beneficiaries under the death benefit clause do not have to pay any capital gains tax on the realized gains. It goes without saying, however, that inheritance tax may still be due in accordance with applicable law.

There are two ways to collect capital gains tax. The standard method is withholding tax (opt-in). The standard method provided for by law is withholding at source. This means that the insurance company automatically withholds the tax when the lump-sum payment is made and remits it to the tax authorities. You can include these capital gains on your tax return to take advantage of the annual exemption and to deduct any capital losses. With the other method, there is no withholding tax (opt-out

A 10% tax applies to capital gains realized upon surrender or maturity of certain life insurance policies. More specifically, the following policies are affected: Branch 21 savings insurance: for which the eight-year term has expired with death... to withholding tax on interest income, no capital gains tax will apply. This capital gains tax does not apply to second- and third-pillar insurance contracts (group insurance, individual pension commitments, CPTI, PLCI, pension savings insurance, and

There is a basic annual exemption of €10,000 per taxpayer on the total capital gains realized during a single year. This amount is adjusted annually.Taxpayers who do not use the exemption may carry forward a maximum of 1,000 euros to the following year for up to 5 years, up to a total of 15,000 euros.

The capital gains tax rate is 10%. Capital gains tax applies only to capital gains realized on or after January 1, 2026. Capital gains accrued before that date are exempt. For contracts entered into on or after January 1, 2026, the taxable capital gain is the positive difference between the paid-out capital and the total amount of premiums paid. For contracts entered into before January 1, 2026, the reserve as of December 31, 2025 (the “snapshot date”) serves as the reference value. In this

Realized capital losses may be deducted from realized capital gains, provided they relate to the same category of financial assets and were realized in the same year.Capital losses are always deducted through the tax return (see below). You must therefore request this deduction yourself.However, it is not possible to carry forward capital losses to the following year.

.................................................................................................. 31 A.3 (a) Income & expenses ......................................................................................................... 31 A.3 (b) Gains and losses recognised directly in equity... result was supported by revenues generation from gains realization on alternative investments which were partly compensated by impairments on non-performing loans. MAB has operated in 2024 a re-risking of its investment portfolio with a replacement of

................................................................................................ 30 A.3 (a) Income & expenses ........................................................................................................ 30 A.3 (b) Gains and losses recognised directly in equity...-line result supported by release of deferred income provision and gains realisation on divested corporate bonds. The Company’s results for the period are shown below in Section A. Business and Performance. The business reported an underwriting gain

Monument Assurance Belgium Solvency and Financial Condition Report at 31 December 2025 8 April 2026 MMoonumnumeenntt G Grrooup:up: P PUUBBLLIICC Table of Contents Samenvatting............................................................................................................................. 3 Executive Summary .................................................................................................................. 12 Business and Performance ....................................

against interest rate movements in accordance with Belgian accounting norm (BE GAAP). The Company’s results for the period are shown below in Section A. Business and Performance. The business reported an underwriting loss for the reporting period of

Monument Assurance Belgium Solvency and Financial Condition Report st at 31 December 2021 30 March 2022 Monument Group: PUBLIC Table of Contents Samenvatting............................................................................................................................. 4 Executive Summary .................................................................................................................. 11 A. Business and Performance ...................................................