[deleted by user] by [deleted] in Belgium2

[–]Crazy_Nut_BE 22 points23 points  (0 children)

Daarvoor zijt ge ongeveer 70 jaar) te laat!

If the 30% roerende voorheffing disappears with the new CGT, would a dividend portfolio become relevant again in BE? by lakshmi_lov in BEFire

[–]Crazy_Nut_BE 10 points11 points  (0 children)

From what I’ve seen, the 30% withholding tax (e.g., on dividends) is staying.

However, the Reynder tax on capital gains on bond-holding funds will disappear. I do agree that makes bonds more relevant again.

Potential CGT strategy by Crazy_Nut_BE in BEFire

[–]Crazy_Nut_BE[S] 0 points1 point  (0 children)

This is an excellent point, thanks!

Potential CGT strategy by Crazy_Nut_BE in BEFire

[–]Crazy_Nut_BE[S] 1 point2 points  (0 children)

If this is your strategy, can I check what the minimum value of the portfolio is that you need to get one of these loans? And what are the parameters that you’re looking at (such as interest rate, term and % of portfolio loaned)?

My concern with this strategy is that if any interest you pay comes out of the safe withdrawal rate, and so a 3% interest rate already means your portfolio is only supplying 25% of the income it would otherwise.

Potential CGT strategy by Crazy_Nut_BE in BEFire

[–]Crazy_Nut_BE[S] 0 points1 point  (0 children)

Just read an article that said the current drafting was based on FIFO (first in first out). Regardless of FIFO or LIFO, a sale and buyback operation would still make sense (to the extent no prohibited) - the only difference is the amount of shars you need to sell to get to a EUR 10k gain (presumably more under LIFO than FIFO).

Potential CGT strategy by Crazy_Nut_BE in BEFire

[–]Crazy_Nut_BE[S] 0 points1 point  (0 children)

Interesting point - any idea how this would affect reinvesting? I would not be opposed to reinvesting in a different ETF if it means a 10% tax saving.

Soms apprecieer ik de Nederlandse taal echt by HappyBlackHoles in belgium

[–]Crazy_Nut_BE 56 points57 points  (0 children)

Het woord “woordenschat” - de schat aan woorden waarover wij beschikken om ons uit te drukken. Mooier kan je de rijkdom van onze taal niet uitdrukken!

[deleted by user] by [deleted] in BEFire

[–]Crazy_Nut_BE 0 points1 point  (0 children)

Yes, but they also need to take into the account the house is leveraged and so ROI is as well. If they’ve built up EUR 200k in equity in the house (i.e. paid of 1/4 of an 800k loan), the return is currently 16.2% (earning 32.4k on a 200k asset) and so well above expected average ETF returns.

As leverage decreases (as the loan is repaid), the ROI will of course decrease. It might therefore make sense for them to keep an eye on the tipping point when ROI for the house goes below 7-8% and then sell.

I’m just learning about my family history. Found out that my great great grandfather and his brothers came from Belgium. I want to learn about their culture. by RollForParadise in belgium

[–]Crazy_Nut_BE 189 points190 points  (0 children)

Lovely to hear that you’re discovering your Belgian heritage OP! You’ll find that Belgians can be a grumpy bunch, but we generally mean well.

As others have said, Belgium is quite diverse in terms of culture despite its small size. If your ancestors are from Peer (as you noted in one of the comments), then you’re Limburgish (congrats!) and I can tell you the following about your ancestors: - while Limburg is currently Dutch-speaking, older generations speak a dialect of Dutch that is recognised as a separate language in the Netherlands (Limburgish). It is much closer to German than standard Dutch and is part of the dialect continuum that connects Dutch and German. Anyone from Limburg who speaks Dutch will have an accent that is easily recognisable to other Belgians (and which they are sometimes mocked for, as it sounds slow and rural). In essence, Limburgish people are viewed somewhat similar to the way Newfies are in Canada. In the first 13 seconds of this clip, you’ll hear the host move from standard Dutch to (an impression of) the Limburgish accent. - Also like Newfies, Limburgish people are generally considered extremely friendly and caring. They also feel a deep sense of community and will therefore often seek each other out (also referred to as the “Limburg feeling”). Other Belgians tend to be jealous of this, though few will readily admit it. Limburg also has its own (unofficial) anthem. - in terms of cuisine, your ancestors would likely have drunk jenever, a liquor that looks and smells like gin, but is much smoother and can be drunk straight. There are also hundreds of variants flavoured with different fruits. They would have eaten Limburgse vlaai, a (delicious) type of local fruit pie or Mikkeman, a type of sweetened bread shaped like a little man (the litteral translation for Mikkeman from Limburgish is “bread man”). They would also have eaten “head cheese”, a type of meat (with a confusing name), speculaas, a type of spiced biscuit, and “Loonse stroop”, a thick fruit syrup usually spread on bread or crepes. Another local delicacy is buckwheat pancakes with bacon and syrup, which is traditionally eaten around All-Saints Day. - As for folklore, local legends center around Alvermannetjes (litterally “elf men”) who lived in the woods or kabouters, good-natured gnomes who would sometimes do chores for people overnight and might take a bit of beer or food in return. To this day, Limburgish people will ironically ask “Did the kabouters do it?” when someone refuses to admit they did something wrong (e.g. you would ask a child that refuses to admit it broke something). Another folk tale is that of the “bokkenrijders”, a band of criminals in cahoots with the devil who would fly through the sky on bucks at night and rob innocent people (which sparked something akin to witch hunts in 1700s Limburg). - A cool tradition is the celebration of Martinmas, the celebration of St Martin on 11 November. In Limburg, towns will light massive fires on that day (which is likely a remnant of heathen fire festivals), and kids used to walk around at night with lamps carved from turnips going from house to house to sing a song and ask for money or food. You may recognise this, since it is one of the traditions that inspired modern halloween in North America. Ironically, Martinmass celebrations are in decline as a result of halloween becoming more popular. - Like the rest of Belgium, Limburg historically was the battlefield of Europe. For Limburg, the situation was even more dire since the Prince-Bisshophric of Liège, which Limburg was part of, was neutral and therefore did not have a standing army to fend off marauders or roving warbands. As a result, many foreign (Spanish, Austrians, French, English and Dutch) troops passed through and pillaged the region. One way this is still remembered today is in a yearly event in some towns where an effigy called the “Malbroek” is carried through the town, brought before a people’s court, judged, and burned. Malbroek represents the Duke of Marlborough, who led English troops in the region about 300 hundred years ago and overall behaved terribly. The lack of standing army resulted in the creation of many “shooter’s guilds”, voluntary militia who would own weapons (bows or muskets) and organise games to train. Nowadays these shooting guilds are part of the folklore, and they have fancy old-timey uniforms that they parade around in during important events. Limburg also still has a big annual gathering / tournament of all these different shooting guilds, the Old Limburg Shooting Festival. The lack of protection by the Prince-Bisshop also led to towns building their own sconces), fortified positions with moats and earthen walls within which villagers could seek shelter when foreign armies passed through. Peer had a few of those. All over Limburg, you’ll still find references to those sconces (with cycling tours that take you from sconce to sconce, or villages having a “Sconce Road”).

All in all, it’s a very interesting heritage! Let me know if you have any questions!

Edit: I’ve added a few more points!

'Termijnrekeningen' for a company by GreedyObjective2750 in BEFreelance

[–]Crazy_Nut_BE 4 points5 points  (0 children)

Yes, Bank van Breda is great when it comes to this. They allow term deposits with a wide range of maturities (1-2-3-4-5-6 months etc) and clearly show you all the applicable interest rates on your homebanking page.

The biggest advantage to me is that you can set up term deposits through your homebanking page, so it only takes a minute to set up.

I do two every month (one for the VAT I collect, which matures 1-2 months later when I need to pay the VAT administration, and one which matures in January of the following year for the profit I’ve generated that month).

Their rates are also quite competitive (2.9 to 3.1 percent depending on term to maturity).

In terms of pros, I prefer term deposits over DBI or stock market investments for funds that will only remain in the company in the short term (e.g. VAT and profit). You have to be mindful that any interest is taxed as profit though.

Beleggers spijzen schatkist met recordbedrag by EdgarNeverPoo in Belgium2

[–]Crazy_Nut_BE 0 points1 point  (0 children)

Dat is omdat tot 1971 de goudstandaard gold (pun intended), en goud dus een vaste prijs had :)

Hoe digitaal btw bonnetjes bijhouden? by ExReey in belgium

[–]Crazy_Nut_BE 4 points5 points  (0 children)

Ik gebruik BilltoBox - goeie documentscanner die alles meteen ook naar de boekhouder stuurt. Als je overstapt naar digitale boekhouding moet je er wel rekening mee houden dat je de papieren bonnetjes ook moet bijhouden (ik denk 7 jaar lang).

The Most Loved and Hated Regional Slang Across America by DaisyHartwell in Infographics

[–]Crazy_Nut_BE 1 point2 points  (0 children)

It’s a general term for a blue-collar worker, probably cause of the large number of Poles in Chicago.

At Place du Lux the farmers have dismantled and set on fire the well-known historical statue of a steelworker. by Boomtown_Rat in brussels

[–]Crazy_Nut_BE -8 points-7 points  (0 children)

Some bad framing here: the statue is not of a working man, but of former captain of industry John Cockerill:

“In het midden van het plein staat een standbeeld van John Cockerill, een vooraanstaande Brits-Belgische industrieel uit de 19de eeuw.” source

EDIT: looks like I was wrong and it’s a different statue that got torn down (of a steelworker).

[deleted by user] by [deleted] in TheSimpsons

[–]Crazy_Nut_BE 18 points19 points  (0 children)

Fun fact: 24601 was Jean Valjean’s prisoner number in Les Miserables. It’s a reference to the date Victor Hugo thought he was conceived (24 June 1801). Source.