In this update, Partner Julien Monsenego and Senior Associate Rui Cabrita of Olswang’s Paris office look at the main tax measures in the French Government’s 2014 budget bill. To view the update, click here.
Law n°2012-1510 dated 29 December 2012 published in the official Journal Measure ruled unconstitutional: measure amending the mechanism of gift and sale of shares (“donations-cessions de titres”) Individuals Introduction of a new tax on real estate capital gains A new tax on real estate capital gains is applicable for capital gains exceeding 50,000 Euros. Real … Continue reading France: Amended Finance Act for 2012 – Main measures
Law n° 2012-1509 dated 29 December 2012 published in the official Journal Main measures ruled unconstitutional: increase of social charges bear by the employee on the acquisition gain of stock-options and free shares; the 75% income tax; reform of real estate capital gains. Individuals Introduction of a new tax bracket at 45% for personal income … Continue reading France: Finance Act for 2013 – Main measures
Adopted by the ‘Assemblée Nationale’ on 23 October 2012 Article 6 of the draft French Finance Act for 2013, which amends the taxation of capital gains, has been radically changed by the lower court of the French Parliament which voted the draft earlier this week. The new draft proposes (1) to maintain the favourable regime applicable … Continue reading Draft of French Finance Act for 2013 – Focus on capital gains tax treatment
Submitted in the Council of Ministers held September 28th, 2012 Individuals Introduction of a new tax bracket at 45% The personal income tax progressive scale will include a new tax bracket at 45% for income above a threshold of 150,000 Euros per share of the family quotient. The new tax rate should be applicable to … Continue reading French tax budget update