The current rate of capital gains tax on securities is 26%, which
includes 16% standard tax and 10% social security deductions.
Taxation is the same for long-term and short-term capital gains.
No capital gains tax is payable below a threshold of 15,000 Euros, but
then tax is due on the total gain.
At first I found this information by checking information on French
websites. Once I knew the answer, I managed to find the rate explained
in English:
"Capital gains are taxable only if the total proceeds from sales of
securities (equities, bonds, warrants, mutual fund units, etc.)
carried out during the calendar year exceed a certain threshold
(?15,000 for 2003). If the threshold is exceeded, the total net gain ?
corresponding to capital gains less capital losses ? is taxable at the
rate of 26%. This rate breaks down as follows: standard tax rate of
16%, prélèvement social at 2%, CSG at 7.5% and CRDS at 0.5%. Capital
losses may only be netted off against capital gains in the same
category realized during the year of sale or the following ten years,
provided that the total proceeds from securities sales in the year in
which the capital loss is incurred exceeds the ?15,000 threshold
referred to above."
http://www.nxbp.fr/actionnaire/individuel/faq/0,2314,en__11361_24114,00.html
"Taxation of capital gains
Your capital gains on sales of shares are taxed at the rate of 26%
when the total annual amount of such sales exceeds a threshold set by
the Finance Act.
In fiscal 2003, if your sales of transferable securities equalled or
exceeded ?15,000, your entire capital gains will be taxable.
Last update : Wednesday, February 4, 2004"
http://www.lafarge.com/cgi-bin/lafcom/jsp/content.do?function=dividende&lang=en
The following French webpages may also be useful. I have given you
links to machine translations, which can help - despite their
limitations.
Yahoo Finance France
http://fr.biz.yahoo.com/impots/dossier/gui48.html
Translation
http://translate.google.com/translate?u=http%3A%2F%2Ffr.biz.yahoo.com%2Fimpots%2Fdossier%2Fgui48.html&langpair=fr%7Cen&hl=en&ie=UTF-8&prev=%2Flanguage_tools
Calculation of capital gains tax on transferable securities:
http://www.patrimoine.com/infos/gui48_bour.html
Translation
http://translate.google.com/translate?u=http%3A%2F%2Fwww.patrimoine.com%2Finfos%2Fgui48_bour.html&langpair=fr%7Cen&hl=en&ie=UTF8&oe=ASCII
You might also like to know that almost everyone whose fiscal domicile
is outside France is exempt from (French) taxation on capital gains
realised in France. Scroll down to "personnes imposables":
http://www.fvi.fr/webhelp/context/Fiscalit__des_valeurs_mobili_res.htm
I hope this gives you all the information you need, but please feel
free to ask if you would like any clarification.
Best wishes - Leli
Search strategy
At first I searched on these sites:
Taxes - Fiscal Administration
http://www.impots.gouv.fr/
Public Service information
http://larecherche.service-public.fr/
Then I used google with these search terms:
valeurs mobilières securities
plus-values capital gains
impôts tax, taxes
patrimoine assets
2004
26%
16% |
