Aeacus Lawyers

In short Buying shares with borrowed funds does not automatically result in speculative income or abnormal management of private wealth. In advance ruling no. 2020.0177, the Belgian Ruling Commission accepted that a future capital gain on shares would not be taxable, even though the acquisition was partly financed through a bank loan. 1. Facts of the Ruling The applicant was the CEO of a foreign group. As part of a management incentive plan, he was given the opportunity to acquire a limited...

In short As of 1 July 2026, Binance does not hold a MiCA licence and can therefore no longer operate as a licensed crypto asset service provider within the European Union. The exchange withdrew its MiCA licence application in Greece and did not obtain a licence in another Member State before the deadline. Binance has stated that it intends to submit a new application in another EU jurisdiction, but at present it does not hold a MiCA licence. For European users, this means that services may be...

In brief On 2 March 2026, the Court of First Instance of Walloon Brabant held that a capital gain of approximately EUR 1.7 million on shares was not taxable as miscellaneous income. The taxpayer had invested approximately USD 3.2 million in shares in early 2019 and sold them around three months later for approximately USD 5.2 million. Despite the short holding period, the substantial capital gain and the taxpayer’s professional expertise in the energy sector, the court found that the tax...