CGT on French Stocks/Shares

[sparrow]

I understand that there is a 20,000 € threshold. Is this amount related to the gain (ie. what I bought the shares for less what I sold the shares for (as in the UK)) or is it related to how much stock/shares I sell and transfer to my personal account? 

I also understand that the CGT payable is 16% + 11% social charges. Whatever the answer is to the first question, if I am exempt, am I exempt from the 16% + 11% or just the 16%?

Thanks

sparrow

[caramac]

Hi

From what I've learned,  the € 20,000 relates to the total sale proceeds in a tax year and amounts below this need not be entered anywhere on your tax returns - ergo no tax/charges at all on any gain within this limit.

As ever - if anyone knows any different please correct me.

HTH

Edit:   there is sting in the tail of course to this very generous allowance - if you go over this then all the profit becomes taxable at 27%