“Capital gains” are the profit made from the sale of a security. They correspond to the difference between the sale price and the purchase price of your securities.
(a) Net taxable capital gains are calculated based on capital losses you may have incurred, which can be deducted from capital gains of the same nature earned in the same year or during the next ten years.
For shares sold from January 1st, 2013 are submitted to income tax at the rate set out in the tables.
Social contributions rate is at 15.5%.
Capital gains benefit from a tax deduction based on the time the shares have been held since their acquisition date. The 2014 finance law set that tax deduction with retroactive effect to January 1st, 2013:
♦ 50% from 2 until 8 years;
♦ 65% beyond 8 years.
NB: This deduction only applies to income tax, not to social contributions.