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Old 19.01.2011, 23:34
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Tax on sales of shares

Hi There,

Have any EF members has an experience of paying tax on sale of shares. I live in CH, but I have a bank account in France that I used to buy shares. The bank informs me that if I sell shares then I have to pay a tax of approx. 30.1% for all sales after 28 Sept. The link below in French gives details of this new rule.

http://www.francetransactions.com/im...rse-opcvm.html

Have I misunderstood anything? If I understood correctly then this looks like a ridiculous rule in France, where one is taxed on sale of share!

If any EF member is aware of this new rule, can one clarify me please.

Thanks
Ashish
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Old 20.01.2011, 00:39
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Re: Tax on sales of shares

Vous avez vendu pour plus de 25 830 € de titres (OPCVM : sicav, fcp, actions, obligations, etc), vous êtes imposable sur la totalité de vos plus-values au taux de 30.10% (18% forfaitaire + 12.10% pour la CSG et CRDS).

Google translation;
You've sold more than € 25 830 securities (UCITS mutual funds, mutual funds, stocks, bonds, etc.), you are taxable on all of your capital gains rate of 30.10% (18% + 10.12% fixed for CSG and CRDS).

Looks like you are safe, it's only applicable if you sold more than €25'830

Isn't this normal in Europe? It's called Capital Gains Tax in UK.
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Old 20.01.2011, 08:57
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Re: Tax on sales of shares

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Isn't this normal in Europe? It's called Capital Gains Tax in UK.
...and it does not apply in most Swiss cantons. Why buy shares in France??
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Old 20.01.2011, 13:44
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Re: Tax on sales of shares

This benefit is no longer applicable in 2011, as per the information that I got from bank.
By the way, I have to pay tax on the capital gains when I file tax in CH.
That is how I do it in CH.
My question - is it normal that banque in FR deducts the tax in source from share sales; have I misunderstood anything?



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Vous avez vendu pour plus de 25 830 € de titres (OPCVM : sicav, fcp, actions, obligations, etc), vous êtes imposable sur la totalité de vos plus-values au taux de 30.10% (18% forfaitaire + 12.10% pour la CSG et CRDS).

Google translation;
You've sold more than € 25 830 securities (UCITS mutual funds, mutual funds, stocks, bonds, etc.), you are taxable on all of your capital gains rate of 30.10% (18% + 10.12% fixed for CSG and CRDS).

Looks like you are safe, it's only applicable if you sold more than €25'830

Isn't this normal in Europe? It's called Capital Gains Tax in UK.
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Old 20.01.2011, 14:52
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Re: Tax on sales of shares

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By the way, I have to pay tax on the capital gains when I file tax in CH.
So you are a trader and this is your business? Otherwise you don't. But if you were a trader, you'd know the answer to the French tax..
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Old 21.01.2011, 14:27
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Re: Tax on sales of shares

I am not a trader.

When I file tax in CH, I declare the world-wide income and in this income the capital gains are included and then I pay a wealth tax. The wealth tax rate is however lower than the regular one.


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So you are a trader and this is your business? Otherwise you don't. But if you were a trader, you'd know the answer to the French tax..
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Old 21.01.2011, 14:46
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Re: Tax on sales of shares

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I am not a trader.

When I file tax in CH, I declare the world-wide income and in this income the capital gains are included and then I pay a wealth tax. The wealth tax rate is however lower than the regular one.
A capital gain is not income. But if you want to pay tax on it, feel free.

Wealth tax is wealth tax - there is only one rate per canton...
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