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Capital gains

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:

Share sale price
Minus transaction
fees and taxes

Purchase price
Acquisition price +
transaction fees and taxes


Capital gain(a)

(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 tax

(for French fiscal residents only)

Capital gains are subject to income tax based on a progressive scale.
They benefit from a tax deduction based on the time the shares have been held since their acquisition date:

  • 50% from two until less than eight years,
  • 65% beyond eight years.

The social contributions rate remains unchanged at 15.5%. It is applied to the capital gain before deduction.