What about the notional interest deduction?
Unlike shares in an ordinary distribution bevek, you don’t qualify
for the notional interest deduction with a DRD bevek. Corporation tax
reforms mean, however, that the importance of the notional interest
deduction is being further reduced, making this only a minor drawback.
* Applies to individual investors with a professional income who are
subject to Belgian personal income tax.
* Shares are taxed at between 20.4% and 29.58%. For the purposes of
this example, we have assumed a tax rate of 29.58% and a capital gain
after one year of 10 000 euros.
This page contains only marketing information. It does not contain
any investment advice or investment research, just a summary of the
product’s features. The information could change in the future.
1 ‘Bevek’ stands for BEleggingsvennootschap met
VEranderlijk Kapitaal in Dutch (‘Sicav’ – Société d’Investissement à
CApital Variable in French). A ‘bevek’ is an open-ended investment
company, a statutory UCI, a legal entity and usually a company with
limited liability. A typical feature of an open-ended investment
company is that it can increase its capital at any time, without any
formalities, by issuing new units or can decrease its capital by
buying back existing units. As a result, investors can buy or sell
units in the fund at least twice a month, at the net asset value.
2 ‘Fund’ is the common name for an Undertaking for
Collective Investment (UCI). The term can refer to a sub-fund of an
open-ended investment company under Belgian law (bevek), a sub-fund of
an open-ended investment company under Luxembourg law (sicav), a
collective investment fund or a sub-fund of a collective investment fund.
3 An open-ended investment company or mutual fund may
consist of various sub-funds. That means that the open-ended
investment company or mutual fund is split into separate portfolios,
each with its own investment policy. Each sub-fund should be
considered as a separate entity. Investors have a right only to the
assets of and return from the sub-fund in which they have invested.
The obligations of each individual sub-fund are covered only by the
assets of that sub-fund.