The new capital gains tax on physical gold in Belgium officially took effect on January 1, 2026. The measure was definitively approved on April 2, 2026. This tax change has a direct impact on individuals who invest in gold and raises many questions. When do you pay tax? How is it calculated? And what does this mean in practical terms if you want to sell gold?
This article provides a clear and comprehensive overview, so you can make well-informed decisions about your gold.
What exactly does the capital gains tax on gold entail?
The Belgian government has introduced a so-called solidarity contribution of 10% on the capital gain you realize when selling investment gold. This is therefore not a tax on the full sale amount, but only on the profit you make.
It is important to note that this tax applies only at the time of sale. As long as you retain ownership of your gold, you owe nothing.
What about the gold you bought years ago?
For owners of physical gold, this is perhaps the most important question. After all, many people bought gold long before these new regulations were in place.
The good news is that the law does not apply retroactively. Any capital gains your gold has accrued before January 1, 2026, remain completely tax-free. The tax authorities, as it were, look at the value of your gold as of December 31, 2025, and use that as a reference point.
That means:
- any capital gains accrued prior to that date remain tax-exempt;
- only the subsequent increase in value is taken into account.
So, if you purchased your gold years ago and its value has increased, that earlier increase is exempt from taxation. Only the increase in value starting in 2026 will be subject to tax if you sell it. The historical gain, no matter how large, remains tax-free.
Who is subject to this tax?
The capital gains tax on gold specifically applies to individuals and certain legal entities. It primarily concerns Belgian residents who hold gold as part of their personal assets. In addition, non-profit legal entities, such as non-profit associations and foundations, are also subject to this regulation.
Corporations, on the other hand, are not subject to this system. They are already taxed on their actual profits through corporate income tax and therefore operate under a different tax framework.
What exactly is this gold?
The legislation specifically targets investment gold, such as gold bars and certified gold coins purchased as investments. It therefore does not apply to gold intended for use, such as jewellery, but rather to gold held for the purpose of preserving value or generating a return.
Important: the €10,000 exemption
Although the tax rate is 10%, this does not mean you have to pay tax on every euro of profit. This is because there is an annual exemption of €10,000.
Please note: the exemption applies to the total cumulative capital gain on all your financial assets, including gold. If this capital gain exceeds the 10,000 threshold, the tax will be applied to the amount above that threshold.
For example, suppose you realize a capital gain of €15,000 in a single year. In that case, only €5,000 is subject to tax, which amounts to €500 in taxes.
Why a professional appraisal is essential today
Due to the new regulations, it is more important than ever to know exactly what your gold is worth. An accurate appraisal not only gives you insight into your potential proceeds, but also into the possible tax implications.
At Robert Den Expert, you can count on a transparent and professional approach. We help you accurately determine the value of your gold and guide you through the process if you’re considering selling. This ensures you always make an informed decision, with no surprises later on.
Frequently Asked Questions About Capital Gains Tax on Gold (2026)
Do I have to pay taxes if I sell gold in Belgium?
Yes. As of January 1, 2026, you will pay a 10% capital gains tax in Belgium on the sale of investment gold. This applies only to the profit, not to the total sale amount.
Will gold still be tax-free in Belgium in 2026?
Not entirely. As long as you hold onto your gold, you don’t pay any tax. When you sell it, tax does apply, but the first €10,000 of capital gains per year remains tax-exempt.
How is capital gains on gold calculated in Belgium?
Capital gains are the difference between the selling price and the tax reference value. For gold you owned before 2026, this is the price of gold as of December 31, 2025. Only the increase in value after that date is subject to tax.
Does the capital gains tax also apply to old gold that I’ve had for years?
Yes, but only partially. Only the increase in value starting in 2026 will be taxed. Any increase in the value of your gold prior to that remains tax-free.
How much tax do I pay on gold profits exceeding €10,000?
You pay 10% on the portion of the capital gain that exceeds the €10,000 exemption. This exemption applies annually and per taxpayer.
Is it a good idea to sell gold right now?
That depends on your situation. Since only the capital gains will be taxed starting in 2026, it may be worth having your situation analyzed. An accurate appraisal will help you determine the right time to sell.
Where can I have my gold appraised in Belgium?
You can turn to a certified gold expert like Robert Den Expert for a professional and transparent appraisal. This will give you insight into the current value of your gold and the potential tax implications of selling it.