2nd Subsection: Overall income

Income tax is based on the total amount of annual net income available to each tax household. This net income is determined having regard to the property and capital owned by the members of the tax household designated in 1 and 3 of article 6, the professions they exercise, the salaries, wages, pensions and life annuities they enjoy as well as the profits of all lucrative operations in which they…

I. – The benefit of the provisions of Article 156 specific to buildings classified or registered as historic monuments, or having received the label issued by the Fondation du patrimoine pursuant to article L. 143-2 of the French Heritage Code, is subject to the owner’s undertaking to retain ownership of these properties for a period of at least fifteen years from the date of their acquisition, including where this was…

Not taken into account for the determination of overall net income: 1° and 2° (Repealed); 2° bis (Expired); 3° (Repealed); 3° bis (Provision transferred under 3°); 3° ter Benefits in kind provided to subscribers of a negotiable loan issued by a region which meet the following conditions: a. Their nature is directly related to the investment financed; b. Their amount over the life of the loan does not exceed 5%…

Taxpayers aged over sixty-five on 31 December of the tax year, or meeting one of the disability conditions mentioned in article 195, may deduct an amount of: – €2,620 from their net overall income if this income does not exceed €16,410; – €1,310 if this income is between €16,410 and €26,400. In the case of married persons subject to joint taxation, the deduction provided for in the second and third…

1. The net incomes of the various categories entering into the composition of the global net income are assessed according to the rules set out in articles 12 and 13 and under the conditions set out in 2 to 6 ter below, without it being necessary to distinguish according to whether these incomes have their source in France or outside France. However, with regard to businesses and operations located outside…

I. The distribution by sociétés immobilières d’investissement governed by I of Article 33 of Law no. 63-254 of 15 March 1963 to their shareholders and by sociétés immobilières de gestion governed by Article 1 of Decree no. 63-683 of 13 July 1963, to their unitholders, under conditions set by decree (1), of the construction premiums provided for in l’article R. 311-1 of the Code de la construction et de l’habitation…

I. When a company has offered its employees stock options under the conditions defined in Articles L. 225-177 to L. 225-184 of the French Commercial Code or where one or more shareholders or unit holders of a company have undertaken to sell their shares or units to one or more employees of that same company at a price agreed at the time of the undertaking, taxation of the capital gain…

Sums allocated to shareholders of open-ended investment companies and open-ended real estate investment companies mentioned in 3° nonies of the article 208 for the repurchase of their shares are not considered as distributed income for the application of income tax.

When a company carries out the transactions provided for in articles 48 and 49 of law no. 78-763 of 19 July 1978 on the status of sociétés coopératives de production, the cancellation of shares or corporate units are considered as taxable disposals under the conditions provided for in article 150-0 A when these shares or units are held under the conditions of f of I of article 164 B.

The bonus allocated at the time of the liquidation of a company to the holders of company rights in addition to their contribution is included, where applicable, in the income tax bases only up to the amount by which the repayment of the cancelled company rights exceeds the acquisition price of these rights in the case where the latter is greater than the amount of the contribution. Where the rights…