Registration and Succession Duties

Academic year: 2010-2011 Course code module MREC0680 Semester: 1st semester Credits: 3 Study load (hours) 84 Theory (hours): Practice/Exercises(hours): 30,00 Other (hours): Part-time program: Instructor(s) Tim Wustenberghs Language of instruction: Dutch Semester exam information: exam in the 1st semester Contract restriction information: 1. Prerequisites *Algemene competenties Bachelor in Law, professional experience  Master of Applied Economic Sciences *Sequentiality None 2. Objectives (expected learning outcomes) - To acquire theoretical and practical knowledge of registration and succession duties (and create awareness of link with Belgian civil law concepts). - To develop a more scientific attitude and critical study.  - To become able to solve problems related to registration and succession duties. 3. Course content a) Registration duties: the structure of the Registration duty Code will be followed.  Attention will be paid to the general assessment rules and the transactions that are subject to proportionate registration duties.  In this respect, the following elements will be discussed: (i) description of the different transactions, (ii) the applicable tax rate, (iii) the tax base and (iv) the possible exemptions.  Attention will especially be paid to topics which are of great importance in practice.  The relationship vis-à-vis the tax administration will form the final part of this study (e.g. statute of limitation, penalties, procedural aspects, etc.). b) Succession duties: the structure of the Succession duty Code will be followed.  The following elements will be discussed: (i) the taxable event (cf. deemed provisions), (ii) the taxable assets and the valuation thereof, (iii) the deductible costs / liabilities and the proof thereof and (iv) the calculation of the succession duty (structure of rate, exemptions and deductions).  The relationship vis-à-vis the tax administration will form the final part of this study (filing of tax return, payment procedure, etc.).  The technique of succession planning will be discussed during the course (as far as relevant). 4. Teaching method Direct contact: Lectures 5. Assessment method Exam: Oral, with written preparation Closed book Open questions 6. Compulsory reading – study material Registration duty and Succession duty Code. D. DE GROOT en T. WUSTENBERGHS, Handboek registratie- en successierechten, Antwerpen, Intersentia, 2008, 406 p. 7. Recommended reading - study material - F. WERDEFROY en A. MAYEUR, Registratierechten 2008-2009, Mechelen, Kluwer, 2009. - J. DECUYPER en J. RUYSSEVELDT, Successierechten 2008-2009, Mechelen, Kluwer, 2009. 8. Tutoring laatste aanpassing: last update: 09/06/2010 10:33 tim.wustenberghs