caramac Posted October 3, 2007 Share Posted October 3, 2007 HelloI'm looking to start a business and will need to raise capital from some elderly UK Peps. I understand that although free from UK tax, any gains are taxable here in France, but need not be declared if total proceeds remain under € 20k per tax year. Could some kind expert give me an indication of what normally happens after that amount?eg: Sell shares which originally cost € 24k for say € 34k realising € 10k profit. Is this profit taxed as ordinary income within the usual thresholds, or is it like plus value on property - ie fixed at 16% + 11%CSG, irrespective of personal allowances - and if the latter, is there any relief depending on age of investment?Many thanks Link to comment Share on other sites More sharing options...
cooperlola Posted October 3, 2007 Share Posted October 3, 2007 Does this help :Tax calculator http://www3.finances.gouv.fr/calcul_impot/2007/A thread on this subject http://www.completefrance.com/cs/forums/947114/ShowPost.aspx Link to comment Share on other sites More sharing options...
caramac Posted October 3, 2007 Author Share Posted October 3, 2007 Blimey Coops (if I may be so familiar - I feel I know you so well after following all the health threads....) that was quick!Thank you very much - I did try a few searches but nothing seemed definite - I'll go and plough through a few "what ifs" on the Impots site from your link. I'll report back if I turn up anything else of interest... Link to comment Share on other sites More sharing options...
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