A tax exemption on capital gains for long-term shareholders would not be wise, according to Deputy Prime Minister Frank Vandenbroucke.
The new Federal Government has agreed to establish a capital gains tax. The issue of an exemption for those who hold onto their shares for more than ten years is divisive. The MR party supports such an exemption, claiming that negotiation notes back this idea.
“No, this agreement was clearly not reached. I also don’t think it is wise. You would introduce a very strange distinction. Even in neighbouring countries, such a distinction is not made,” Vandenbroucke stated during “De Zevende Dag” programme on VRT.
According to the Flemish socialist minister, the tax will impact “the broadest shoulders” as planned. “Of course, there are ordinary middle-class people who invest a little, but there is a €10,000 exemption. Those with significant wealth will be most affected, which represents a very small group in our society,” he explained.
