The 2011 Finance Bill was promulgated on 19 September 2011.

This page presents a summary of the final text of law. Our online tax simulators have been updated.

As of 25 August 2011:

•The new scale of progressive relief applies to capital contributions of real property (or company shares relating to such real property) made to a company in which the person making the contribution (or his/her spouse, their ascendants and descendants or an assign of all the assets of one or more such persons) is (or becomes) a shareholder when the contribution is made.

Change applicable immediately:

• The 1000 Euro reduction is abolished.

From 1st October 2011:

•The social tax increases to 13.5% (payable by French residents only).

From 1st November 2011:

•The time allowed for registering deeds of sale is reduced to one month (except for auctions, where the time limit is two months).

•Disposals of stakes in companies with a majority of real estate properties in their capital, signed outside France, must be recorded in authentic form within one month by a notary practicing in France.  The deed must be registered within one month.

From 1st February 2012:

• The new scale of progressive relief is rolled out.  See
(The new scale of progressive relief)

• 2% per year of ownership beyond the fifth year (years 6 to 17)

• 4% per year of ownership beyond the 17th year (years 18 to 24)

• 8% per year of ownership beyond the 24th year (years 25 to 30)

• After 30 years of ownership, the gain is totally exempt from capital gains tax

• If no price is stated in the deed of purchase or if no registration value is given for a property disposal made free of charge, it would be possible to use the actual market value on the date at which the property was acquired by the seller "on the basis of a detailed estimate declared by the parties".