VII: Income from transferable securities

The taxation regime for gains derived by natural persons from disposals made directly or through intermediaries, of debt securities negotiable on a regulated market pursuant to a specific legislative provision and not likely to be listed, follows that of the proceeds of such securities. The provisions of the first paragraph apply to disposals of units in debt mutual funds whose term on issue is less than or equal to five…

The amount of the gains mentioned in Article 124 B is set in accordance with the conditions set out in the first paragraph of 1 and 2 of Article 150-0 D. However, the costs of acquisition for valuable consideration may not be determined on a flat-rate basis. For the determination of net gains from the sale of bonds or contracts mentioned in I of article 125-0 A, the acquisition price…

The debt securities referred to in the first paragraph of article 124 B must be registered in an account or nominative deposit with the persons referred to in article 242 ter for the assessment of income tax. The persons mentioned in article 242 ter must then provide the administration with all the information required to establish the tax, and taxpayers must also provide them with the amount of the disposals…

The conditions of application of articles 124 B to 124 D are set by decree (1). (1) See Annex III, art. 41 duodecies J to 41 duodecies P.

Income is determined by the gross amount of interest, arrears, redemption premiums or any other proceeds from the securities designated in article 124. Tax is due by the sole fact, either of the payment of interest, however made, or of its entry in the debit or credit of an account. In the case of capitalisation of interest on the sale price of a business, the taxable event is deferred to…

The capital loss incurred by a natural person in the management of his private assets, in the event of non-repayment of a loan granted under the conditions provided for in article 7 of article L. 511-6 of the Monetary and Financial Code or of a free loan mentioned in article L. 548-1 of the same code is chargeable, from the year in which the lender’s claim becomes definitively irrecoverable within…