Your capital gains from the sale of shares realized outside an ISA ( Individual Savings

Account ) or a specific tax - advantaged scheme are exempt from income tax provided

that the total amount of such gains does not exceed £3 , 000 for the 2026 – 2027 tax year .

Non - exempt capital gains are taxed at a rate of 18 % or 24 % if your marginal income tax

rate exceeds 20 % .

IN THE UNITED KINGDOM

Taxation on capital gains depends on the holding period of the shares Long term

capital gains i e on shares held for more than one year will be taxable at preferential

rates i e 0 15 or 20 depending on the tax bracket Short term capital gains

i e on shares held for one year or less will be taxable at the ordinary income tax

rates i e between 10 and 37 depending on the tax bracket Investment income

including capital gains is also subject to an additional net investment income tax

of 3 8 if it exceeds certain thresholds

IN THE USA

Following a law passed by the Belgian Parliament on April 2 , 2026 , net capital gains from

the sale of shares ( i . e . after offsetting capital losses of the same nature incurred during

the year ) realized for consideration as from January 1 , 2026 are subject to a tax on capital

gains from financial assets , at a rate of 10 % . A basic exemption of € 10 , 000 applies ( which

may increase to € 15 , 000 in certain cases ) . A withholding tax mechanism ( with the possibility

of opting out ) will be gradually introduced over the course of 2026 . All capital gains realized

up to December 31 , 2025 remain exempt .

In addition , when purchasing or selling shares on the stock market , a stock exchange

transaction tax is payable . In 2026 , this tax amounts to 0 . 35 % of the transaction value ,

capped at € 1 , 600 per transaction .

An annual securities account tax also applies at a rate of 0 . 15 % on the average value

of all taxable financial instruments held in the securities account , where this value exceeds

€ 1 million over a reference period ( i . e . from October 1 to September 30 of the following year ) .

This tax is levied directly by the Belgian bank holding the securities . If the securities account

is held abroad , the account holder will generally be responsible for declaring and paying

the tax .

IN BELGIUM

N . B . A draft bill that has not yet been enacted provides for an

increase in the rate of the annual securities account tax to 0 . 30 % .

GREEN BLUE RED

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+ 33 ( 0 ) 1 85 56 97 00 www . carrenoir . com

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Date : 26 / 05 / 2021

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