French Tax Administration Services
French Tax Planning
UK Tax Administration Relating to French matters
Table Summary of French CGT 29 June 2016
Below is a table summarising the outcome of the new French private fixed asset CGT rules, (In French: “Plus-values Régime Privé), which came into effect on 01/01/2015.
Table 1: French CGT rules for all sales realised from 01.01.2015
|
Status of Tax Payer |
Fiscal rep. required? |
Where Tax is assessable |
French Levies assessable |
French Tax rates |
|
UK resident |
No |
France & UK |
Impôt sur le revenu (I.R.). Taxe Supplementaire (T.S.) Prelevements Sociaux (P.S.)[1] |
I.R. -= 19% T.S. = 0-6% P.S. = 15.5% |
|
French resident |
No |
France Only |
||
|
EEA resident |
No[2] |
France and home state |
||
|
Non EEA resident but tax co-operation agreement with France exists |
Yes |
|||
|
Non EEA resident & No tax co-operation agreement with France |
Yes |
[1] Following the CJEU decision of 26th Feb 2015, that Prélèvements Sociaux were social charges subject to EU social regulations regarding their scope, the French Finance of Social Security Act 2016 modified their scope and purpose to the extent that - according to the French administration - they are classed as taxes falling outside the scope of EU social regulations.
[2] Unless resident in Lichtenstein
