French Tax on ISA's

[bkm7]

We are looking to sell some ISA's and are

aware that the sale will be subject to French Tax.  Would like to do a tax simulation before

selling and would appreciate any guidance on declaration of profits

A. Can we use the abattements of 50% and

65% "Detenu entre 2 et 7 ans Detenu a partir de 8 ans" ?

B. Would we declare on 2047-K?  If so which box ?

C. Could we declare directly on 2042 in box

3VG ? (I rightly or wrongly declared some ISA losses in 3VH some years ago and

have been carrying these forward on form 2041-SP without any questions being

asked)

 

Thanks in advance

 

B

[cassis]

I'm only answering because no-one with expert

financial knowledge has done so - I think you should ask your tax office

for advice or get a tax consultant if no-one knows for sure.

[quote user="bkm7"]Can we use the abattements of 50% and

65% "Detenu entre 2 et 7 ans Detenu a partir de 8 ans" ? [/quote]

[quote user="bkm7"]I rightly or wrongly declared some ISA losses in 3VH some years ago and

have been carrying these forward on form 2041-SP without any questions being

asked [/quote]

https://siddalls.wordpress.com/2013/07/16/qa-savings-and-investments-when-becoming-french-resident/

and

http://www.french-property.com/news/tax_france/bank_savings_interest_not_declared/

Hope this helps and good luck!

[JohnFB]

OP's point A. Yes you can. The fact that the investment is ISA sheltered is irrelevant in France. You treat as a gain or loss as you would for non ISA investments.

JFB

[AnOther]

Good grief, there's a blast from the past, welcome back cassis !

[cassis]

[quote user="AnOther"]Good grief, there's a blast from the past, welcome back cassis ![/quote]

I've been a bit busy.  [Www]