Duo legacy
Duo legacy, everybody benefits !
You know that inheritance taxes can be high (up to 65%) but did you also know that the “duo legacy” formula makes it possible for your heirs to be free of any inheritance tax if another person designated by you takes these taxes at his own expense. If that person is a non-profit organisation, the rate is + / - 8%.
An example :
1. You leave everything to a friend :
| Legacy to your friend | 70.000 € |
| Inheritance tax | 35.125 € |
| Net amount for your friend | 34.875 € |
2. You leave a part to your friend, a part to Louvain Coopération and you ask Louvain Coopération to pay inheritance tax on the legacy to your friend :
| Legacy to your friend (exempt of inheritance tax) | 40.000 € |
| Legacy to Louvain Coopération | 30.000 € |
| Inheritance tax to be paid by LD on the legacy to your friend | 17.125 € |
| Inheritance tax (8,8%) to be paid by LD on its own legacy | 2.640 € |
| Net amount for your friend | 40.000 € |
| Net amount for LD 30.000 - 17.125 - 2.640 = |
10.235 € |
If you want to know more, contact your solicitor or a lawyer to help you determine the best repartition for you, taking into account the amounts and different tax rates.
