For interest on a loan of up to EUR 15,000 (for interest received in 2015) granted through a qualifying crowdfunding platform recognised by the FSMA, an individual investor can benefit from favourable tax treatment (i.e., a tax exemption for the interest on the loan), provided:
- the loan has a minimum term of four years and interest is paid annually;
- the loan was granted to an SME (see above);
- the SME is still in the start-up phase (i.e. it has been registered with the Crossroads Enterprise Database or a similar register in the European Economic Area for no more than 48 months).
The investor is entitled to the favourable tax treatment for loans granted up to an amount of EUR 15,000 per year, regardless of whether it is invested in the same project. It is important to note that company directors and key personnel who are shareholders in the company can also benefit from the exemption for loans granted to their company.
This measure entered into force on 1 August 2015.