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France: Domestic Corporate Taxation

Capital Gains Tax on the Sale of Shares

This page was last updated on 15 Nov 2018.

Previously, in 2012, there was a fixed capital gains tax (CGT) rate of 24% on the sale of shares. In 2013, CGT on the sale of shares was subsumed under income tax. This means that the sale of shares is taxed at a progressive rate, as follows:



Up to €9,807


€9,807 to €27,806


€27,806 to €72,617


€72,617 to €153,783


From €153,783


There is an additional temporary special tax of 3% and 4% for income over €250,000 and €500,000 respectively.
In France, capital gains made by a French holding company on the profitable sale of its shares in a foreign subsidiary are subject to a reduced capital gains tax rate.

Currently, capital gains on the sale of shares in subsidiaries held from two to eight benefit from 50% tax relief.  Those held for more than eight years receive a 65% reduction in tax.



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