Capital gains tax
A user’s manual for French fiscal residents only
“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.
Your net taxable capital gain is equal to:
(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.
Capital gains taxes for French fiscal residents only (as at March 1, 2013)
What’s new
On shares sold in 2012
- The tax rate on capital gains is now 24%.
- Rise in the social contributions rate from 13.5% to 15.5%.
For shares sold from 2013
- Social contributions at 15.5%.
- Capital gains will be subject to income tax at the rate set out in the tables.
- These capital gains benefit from a tax deduction based on the time the shares have been held since their acquisition date:
♦ 20% from two until four years;
♦ 30% from four until six years;
♦ 40% beyond six years.
NB: This deduction only applies to income tax, not to social contributions.
