Walloon tax law stipulates that any free transfer of a company, by means of a gift or inheritance, may be subject to a 0% rate if it satisfies certain criteria.
The company transfer must:
- involve a company that is operated by one or more individuals;
- or involve a company's securities and claims.
The company must employ workers.
The individual carrying on the company must:
- continue to operate in the Walloon region for five years from the authentic deed;
- maintain the total number of workers as 75% of the initial workforce (average over five years);
- maintain the social capital (invested assets) for at least five years.