Income tax - Capital gains on securities
Verified 07 April 2022 - Legal and Administrative Information Directorate (Prime Minister)
If you are a tax resident in France and you realise a gain by selling a security (a share or a bond for example), you will have to pay tax on this capital gain. This tax will be paid the year following the sale.
If you made a gain by selling a title (e.g. share or bond) that you own, you will be taxable on the gain realised.
Certain capital gains are exempt, conditions, in particular in the following cases:
- share savings plan
- Salary Savings (PEE: titleContent, Perco: titleContent for example)
The taxable capital gain is the gain you realise by selling a security. This is the difference between:
- Purchase price of title
- Title Sales Price
In the case of a loss of value, the loss may be deducted from a similar gain of value, subject to certain conditions.
In 2021, you sold "A" securities that allowed you to earn €3,000, and "B" titles that caused you to lose €4 000.
You therefore incur a capital loss €1 000 (€3,000 - €4 000). This loss can be deducted from your 2021 earnings, or the following year if you have no gain.
In general, the financial institution that manages your securities calculates your capital gains and capital losses. He gives you a summary of your situation to complete your tax return.
The surplus value realised shall be subject to the single flat-rate levy at the rate 30% (12,8% and 17,20% of social).
However, you can choose the progressive scale. The taxable capital gain must then be added to your other income on your tax return. The overall amount is then submitted to progressive scale of income tax. You will also have to pay 17,20% of social.
You must report your earnings with the income in the year you sold the security.
Generally, the financial institution that holds your securities will provide you with a summary of your situation to complete your tax return.
You can refer to the supporting documents submitted by the financial institutions (Form 2561 TER):
The 2022 2021 income tax return commenced on April 7, 2022.
The deadline varies depending on whether you file your return on paper or online.
The tax return must be filed before Thursday 19 May 2022 at 23:59, including for foreigner residents.
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