{"id":23168,"date":"2026-11-08T12:58:45","date_gmt":"2026-11-08T11:58:45","guid":{"rendered":"https:\/\/balmontconseil.com\/conventions-fiscales\/malawi\/plus-values\/"},"modified":"2026-11-08T12:58:45","modified_gmt":"2026-11-08T11:58:45","slug":"plus-values","status":"publish","type":"page","link":"https:\/\/balmontconseil.com\/en\/conventions-fiscales\/malawi\/plus-values\/","title":{"rendered":"Vente d\u2019un bien ou de titres entre la France et le Malawi\u00a0: qui impose la plus-value\u00a0? L\u2019article 11"},"content":{"rendered":"<style>@import url('https:\/\/fonts.googleapis.com\/css2?family=Inter:wght@400;500;600&family=Geist+Mono:wght@500&display=swap');#Content>.content_wrapper>.mfn-page-title{display:none!important}#Subheader{display:none!important}#Content{padding-top:0!important}#Content .section_wrapper{max-width:none;padding:0}html,body{overflow-x:clip}#bcv,#bcv :where(*:not(svg,svg *)){all:revert;box-sizing:border-box}#bcv{--bg:#F6F5F1;--card:#FFFFFF;--border:#E4E2DA;--text:#111311;--muted:#5B615E;--dim:#8A908C;--lime:#C8F020;--dark:#0B1317;--limed:#E6FF2A;--dtext:#F2F5F4;--dmuted:#8FA3AD;--dborder:#2B3B45}#bcv *{box-sizing:border-box}#bcv{-webkit-text-size-adjust:100%}#bcv{margin:0;background:var(--bg);color:var(--text);font-family:Inter,system-ui,-apple-system,\"Segoe UI\",Helvetica,Arial,sans-serif;font-size:15px;line-height:1.55;-webkit-font-smoothing:antialiased}#bcv a{color:inherit}#bcv .mono{font-family:\"Geist 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16px;font-size:13px}#bcv{padding-bottom:64px}}#bcv{display:block;width:100vw;max-width:100vw;margin-left:calc(50% - 50vw);margin-right:calc(50% - 50vw);-webkit-text-fill-color:currentColor;text-align:left;padding-top:100px}@media(max-width:1239px){#bcv{padding-top:84px}}#bcv :where(*){-webkit-text-fill-color:currentColor}#bcv .btn.ghost{color:var(--dtext)!important;-webkit-text-fill-color:var(--dtext)!important}<\/style><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"Le Malawi peut-il imposer la plus-value d\u2019un r\u00e9sident de France ?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Non, si ce r\u00e9sident n\u2019exerce pas d\u2019activit\u00e9 industrielle ou commerciale au Malawi par un \u00e9tablissement stable (article 11).\"}},{\"@type\":\"Question\",\"name\":\"La r\u00e8gle vaut-elle pour un immeuble ?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"L\u2019article 11 vise les avoirs en capital sans distinguer selon leur nature ; il ne pr\u00e9voit pas de r\u00e8gle particuli\u00e8re pour les immeubles.\"}},{\"@type\":\"Question\",\"name\":\"La plus-value est-elle exon\u00e9r\u00e9e partout ?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Non. L\u2019article 11 exon\u00e8re dans l\u2019autre \u00c9tat ; l\u2019\u00c9tat de r\u00e9sidence impose selon sa l\u00e9gislation (article 20, paragraphe 1).\"}}]}<\/script><div id=\"bcv\" class=\"final\"><div class=\"wrap\">\n<div class=\"crumbs\"><a href=\"\/\">Accueil<\/a> \u203a <a href=\"\/conventions-fiscales\/\">Conventions fiscales<\/a> \u203a <a href=\"\/conventions-fiscales\/malawi\/\">France\u2013Malawi<\/a> \u203a Article 11 \u00b7 Plus-values<\/div>\n<div class=\"grid\"><main class=\"main\">\n<div class=\"meta\"><span class=\"pill mono\">Convention France\u2013Malawi<\/span><span class=\"metaline\">Convention entre la France et le Royaume-Uni sign\u00e9e \u00e0 Paris le 14 d\u00e9cembre 1950, \u00e9tendue \u00e0 la F\u00e9d\u00e9ration de Rhod\u00e9sie et du Nyassaland par l\u2019\u00e9change de lettres du 5 novembre 1963, extension maintenue pour le Malawi par l\u2019\u00e9change de lettres du 31 d\u00e9cembre 1963<\/span><\/div>\n<h1>Vente d\u2019un bien ou de titres entre la France et le Malawi\u00a0: qui impose la plus-value\u00a0? L\u2019article 11<\/h1>\n<p class=\"lead\">La convention applicable au Malawi exon\u00e8re dans l\u2019autre \u00c9tat les gains tir\u00e9s de la vente, du transfert ou de l\u2019\u00e9change d\u2019avoirs en capital, d\u00e8s lors que le vendeur n\u2019y exerce pas d\u2019activit\u00e9 par un \u00e9tablissement stable. Le texte ne pr\u00e9voit pas de r\u00e8gle particuli\u00e8re pour les immeubles.<\/p>\n<div class=\"tags\"><a class=\"tag\" href=\"\/conventions-fiscales\/malawi\/residence-fiscale\/\">R\u00e9sidence fiscale<\/a><a class=\"tag\" href=\"\/conventions-fiscales\/malawi\/pensions-retraite\/\">Pensions de retraite<\/a><a class=\"tag\" href=\"\/conventions-fiscales\/malawi\/fonction-publique\/\">Fonction publique<\/a><a class=\"tag\" href=\"\/conventions-fiscales\/malawi\/revenus-immobiliers\/\">Revenus immobiliers<\/a><\/div>\n<div class=\"cover\"><img decoding=\"async\" src=\"https:\/\/balmontconseil.com\/wp-content\/uploads\/2026\/11\/convention-malawi.webp\" alt=\"Lac Malawi, Malawi\" loading=\"eager\"><div class=\"cap\"><span class=\"chip mono\">Article 11 \u00b7 Plus-values<\/span><b>Lac Malawi, Malawi<\/b><\/div><\/div><div style=\"height:26px\"><\/div>\n<div class=\"card bref\"><span class=\"mono\">En bref<\/span><ul><li>Un r\u00e9sident d\u2019un \u00c9tat qui n\u2019exerce pas d\u2019activit\u00e9 industrielle ou commerciale dans l\u2019autre par un \u00e9tablissement stable est exon\u00e9r\u00e9 dans cet autre \u00c9tat de tout imp\u00f4t sur les gains provenant de la vente, du transfert ou de l\u2019\u00e9change d\u2019avoirs en capital (article 11).<\/li><li>L\u2019article 11 ne distingue pas selon la nature des avoirs et ne contient pas de r\u00e8gle propre aux immeubles ou aux soci\u00e9t\u00e9s immobili\u00e8res.<\/li><li>Les capitaux provenant de la vente de brevets par un r\u00e9sident de l\u2019autre \u00c9tat sans \u00e9tablissement stable sont exon\u00e9r\u00e9s dans l\u2019\u00c9tat de la source (article 10, paragraphe 4).<\/li><li>L\u2019imposition dans l\u2019\u00c9tat de r\u00e9sidence reste r\u00e9gie par sa propre l\u00e9gislation (article 20, paragraphe 1).<\/li><\/ul><\/div>\n<h2>Qui impose le gain\u00a0?<\/h2><div class=\"qt\"><div class=\"r h mono\"><span>Votre situation<\/span><span>Qui impose<\/span><span>Texte<\/span><\/div><div class=\"r\"><span>R\u00e9sident de France, sans \u00e9tablissement stable au Malawi, c\u00e9dant un avoir au Malawi<\/span><span class=\"etat \">Exon\u00e9r\u00e9 au Malawi<\/span><span class=\"ref\">Art. 11<\/span><\/div><div class=\"r\"><span>R\u00e9sident du Malawi, sans \u00e9tablissement stable en France, c\u00e9dant un avoir en France<\/span><span class=\"etat \">Exon\u00e9r\u00e9 en France<\/span><span class=\"ref\">Art. 11<\/span><\/div><div class=\"r\"><span>C\u00e9dant ayant un \u00e9tablissement stable dans l\u2019autre \u00c9tat<\/span><span class=\"etat \">Exon\u00e9ration de l\u2019article 11 \u00e9cart\u00e9e<\/span><span class=\"ref\">Art. 11<\/span><\/div><div class=\"r\"><span>Vente de brevets<\/span><span class=\"etat \">Exon\u00e9r\u00e9e dans l\u2019\u00c9tat de la source, sans \u00e9tablissement stable<\/span><span class=\"ref\">Art. 10 \u00a7 4<\/span><\/div><\/div><div style=\"height:20px\"><\/div>\n<h2>Le texte de la convention<\/h2><div class=\"cit\"><div><span class=\"mono\">Article 11<\/span><p>\u00ab Un r\u00e9sident de l&#x27;un des territoires qui n&#x27;exerce pas d&#x27;activit\u00e9 industrielle ou commerciale dans l&#x27;autre territoire par l&#x27;interm\u00e9diaire d&#x27;un \u00e9tablissement stable y situ\u00e9, est exon\u00e9r\u00e9 dans cet autre territoire de tout imp\u00f4t \u00e9tabli \u00e0 raison des gains provenant de la vente, du transfert ou de l&#x27;\u00e9change d&#x27;avoirs en capital. \u00bb<\/p><\/div><\/div><p class=\"note2\">Dans le texte de 1950, \u00ab\u00a0Royaume-Uni\u00a0\u00bb se lit comme visant le Malawi (annexe \u00e0 l\u2019\u00e9change de lettres du 5 novembre 1963, point I, et \u00e9change de lettres du 31 d\u00e9cembre 1963). Texte publi\u00e9 par impots.gouv.fr.<\/p>\n<h2>Deux questions suffisent<\/h2><p>L\u2019article 11 se lit simplement, ce qui en fait une r\u00e8gle \u00e0 v\u00e9rifier de pr\u00e8s\u00a0:<\/p><ol class=\"steps\"><li><span class=\"n\">1<\/span><div><b>R\u00e9sidence du c\u00e9dant<\/b><span>\u00cates-vous r\u00e9sident de France ou du Malawi au sens de l\u2019article 2, paragraphe 1, g\u00a0?<\/span><\/div><\/li><li><span class=\"n\">2<\/span><div><b>\u00c9tablissement stable<\/b><span>Exercez-vous une activit\u00e9 industrielle ou commerciale dans l\u2019autre \u00c9tat par un \u00e9tablissement stable\u00a0?<\/span><\/div><\/li><li><span class=\"n\">3<\/span><div><b>Cons\u00e9quence<\/b><span>Sans \u00e9tablissement stable, l\u2019autre \u00c9tat ne peut pas imposer le gain\u00a0; l\u2019\u00c9tat de r\u00e9sidence applique sa l\u00e9gislation.<\/span><\/div><\/li><\/ol>\n\n<div class=\"dark\"><span class=\"mono\">Ce que cela change pour vous<\/span><p>La r\u00e8gle est large\u00a0: elle vise tout gain sur avoirs en capital, sans exception \u00e9crite pour les immeubles. La qualification d\u2019un bien et l\u2019existence d\u2019un \u00e9tablissement stable restent toutefois des questions \u00e0 examiner avant la vente. Comme la r\u00e9sidence repose sur la loi de chaque \u00c9tat, sans d\u00e9partage conventionnel, le vendeur doit d\u2019abord \u00e9tablir qu\u2019il est bien r\u00e9sident de l\u2019un des deux \u00c9tats au sens de l\u2019article 2.<\/p><a class=\"btn\" href=\"https:\/\/app.balmontconseil.com\/rdv?utm_source=site&#038;utm_medium=convention&#038;utm_content=malawi-plus-values-portee\"><svg viewBox=\"0 0 16 16\" fill=\"none\" stroke=\"currentColor\" stroke-width=\"1.5\"><rect x=\"2\" y=\"3\" width=\"12\" height=\"11\" rx=\"2\"\/><path d=\"M2 7h12M5 1.5v3M11 1.5v3\"\/><\/svg>Faire v\u00e9rifier ma plus-value avant la vente<\/a><span class=\"note\">Visio \u00b7 30 min \u00b7 sans engagement<\/span><\/div>\n<div class=\"card cv\" id=\"cv\"><span class=\"mono\" style=\"color:var(--muted);display:block;margin-bottom:12px\">Cela vous concerne ?<\/span><h3>Vous envisagez de vendre un bien ou des titres situ\u00e9s au Malawi ou en France\u00a0?<\/h3><div class=\"yn\"><a class=\"oui\" href=\"https:\/\/app.balmontconseil.com\/rdv?utm_source=site&#038;utm_medium=convention&#038;utm_content=malawi-plus-values-oui\">Oui<\/a><button type=\"button\" onclick=\"document.getElementById('cv').classList.add('open')\">Non<\/button><\/div><div class=\"non\"><a href=\"\/conventions-fiscales\/malawi\/residence-fiscale\/\">R\u00e9sidence fiscale<\/a><a href=\"\/conventions-fiscales\/malawi\/pensions-retraite\/\">Pensions de retraite<\/a><a href=\"\/conventions-fiscales\/malawi\/fonction-publique\/\">Fonction publique<\/a><a href=\"\/conventions-fiscales\/malawi\/revenus-immobiliers\/\">Revenus immobiliers<\/a><a href=\"\/conventions-fiscales\/malawi\/\">Convention France\u2013Malawi : tous les sujets<\/a><\/div><\/div>\n<h2>Les autres sujets de la convention<\/h2><div class=\"agrid\"><a href=\"\/conventions-fiscales\/malawi\/residence-fiscale\/\"><small>Art. 2<\/small><b>R\u00e9sidence fiscale<\/b><\/a><a href=\"\/conventions-fiscales\/malawi\/pensions-retraite\/\"><small>Art. 15<\/small><b>Pensions de retraite<\/b><\/a><a href=\"\/conventions-fiscales\/malawi\/fonction-publique\/\"><small>Art. 13<\/small><b>Fonction publique<\/b><\/a><a href=\"\/conventions-fiscales\/malawi\/revenus-immobiliers\/\"><small>Art. 12<\/small><b>Revenus immobiliers<\/b><\/a><a href=\"\/conventions-fiscales\/malawi\/plus-values\/\" class=\"cur\"><small>Art. 11<\/small><b>Plus-values<\/b><\/a><a href=\"\/conventions-fiscales\/malawi\/dividendes\/\"><small>Art. 9<\/small><b>Dividendes<\/b><\/a><a href=\"\/conventions-fiscales\/malawi\/interets\/\"><small>Art. 9<\/small><b>Int\u00e9r\u00eats<\/b><\/a><a href=\"\/conventions-fiscales\/malawi\/salaires\/\"><small>Art. 14<\/small><b>Salaires<\/b><\/a><a href=\"\/conventions-fiscales\/malawi\/double-imposition\/\"><small>Art. 20<\/small><b>Double imposition<\/b><\/a><\/div>\n<h2>Questions fr\u00e9quentes<\/h2><div class=\"faq\"><details open><summary>Le Malawi peut-il imposer la plus-value d\u2019un r\u00e9sident de France\u00a0?<\/summary><p>Non, si ce r\u00e9sident n\u2019exerce pas d\u2019activit\u00e9 industrielle ou commerciale au Malawi par un \u00e9tablissement stable (article 11).<\/p><\/details><details><summary>La r\u00e8gle vaut-elle pour un immeuble\u00a0?<\/summary><p>L\u2019article 11 vise les avoirs en capital sans distinguer selon leur nature\u00a0; il ne pr\u00e9voit pas de r\u00e8gle particuli\u00e8re pour les immeubles.<\/p><\/details><details><summary>La plus-value est-elle exon\u00e9r\u00e9e partout\u00a0?<\/summary><p>Non. L\u2019article 11 exon\u00e8re dans l\u2019autre \u00c9tat\u00a0; l\u2019\u00c9tat de r\u00e9sidence impose selon sa l\u00e9gislation (article 20, paragraphe 1).<\/p><\/details><\/div>\n<p class=\"source\">Source : Convention entre la France et le Royaume-Uni sign\u00e9e \u00e0 Paris le 14 d\u00e9cembre 1950, \u00e9tendue \u00e0 la F\u00e9d\u00e9ration de Rhod\u00e9sie et du Nyassaland par l\u2019\u00e9change de lettres du 5 novembre 1963, extension maintenue pour le Malawi par l\u2019\u00e9change de lettres du 31 d\u00e9cembre 1963 \u2014 Convention avec le Malawi (impots.gouv.fr). Statut : En vigueur\u00a0: selon la note publi\u00e9e avec le texte, la convention du 14 d\u00e9cembre 1950 continue de produire ses effets dans les relations de la France avec le Malawi\u00a0; l\u2019extension s\u2019applique en France aux imp\u00f4ts de l\u2019ann\u00e9e 1962 et des ann\u00e9es suivantes. Ce document ne se substitue pas aux textes qui font foi. Analyse : Balmont Conseil, mise \u00e0 jour le 8 novembre 2026. Information g\u00e9n\u00e9rale, pas un conseil personnalis\u00e9.<\/p>\n<\/main>\n<aside class=\"side\">\n<div class=\"ctacard\"><span class=\"mono\">Vous partez au Malawi ?<\/span><h3>Faire v\u00e9rifier ma plus-value avant la vente\u00a0: un bilan de 30 minutes avec le cabinet.<\/h3>\n<div class=\"who\"><img decoding=\"async\" src=\"https:\/\/balmontconseil.com\/wp-content\/uploads\/2026\/11\/alexis-sagnier-carre.webp\" alt=\"Alexis Sagnier\" width=\"44\" height=\"44\" loading=\"lazy\"><div><b>Alexis Sagnier<\/b><span>Conseil en gestion de patrimoine \u00b7 ORIAS n\u00b0 13003497 \u00b7 ANACOFI-CIF<\/span><\/div><\/div>\n<a class=\"btn\" href=\"https:\/\/app.balmontconseil.com\/rdv?utm_source=site&#038;utm_medium=convention&#038;utm_content=malawi-plus-values-side\"><svg viewBox=\"0 0 16 16\" fill=\"none\" stroke=\"currentColor\" stroke-width=\"1.5\"><rect x=\"2\" y=\"3\" width=\"12\" height=\"11\" rx=\"2\"\/><path d=\"M2 7h12M5 1.5v3M11 1.5v3\"\/><\/svg>R\u00e9server un bilan de 30 min<\/a>\n<a class=\"btn ghost\" href=\"https:\/\/wa.me\/33601773296\" target=\"_blank\" rel=\"noopener\"><svg viewBox=\"0 0 16 16\" fill=\"none\" stroke=\"currentColor\" stroke-width=\"1.5\"><path d=\"M8 14.5a6.5 6.5 0 1 0-5.6-3.2L1.5 14.5l3.3-.9A6.5 6.5 0 0 0 8 14.5Z\"\/><\/svg>\u00c9crire sur WhatsApp<\/a>\n<p class=\"trust\">Depuis 2013 \u00e0 Lyon \u00b7 Expatriation et patrimoines internationaux<\/p><\/div>\n<a class=\"diag\" href=\"\/diagnostic\/\"><div><b>Diagnostic express en 30 secondes<\/b><span>Cinq questions, la marche \u00e0 suivre pour votre situation.<\/span><\/div><i>\u2192<\/i><\/a>\n\n<div class=\"card\"><span class=\"mono\">Aller plus loin<\/span><div class=\"more\"><a href=\"\/conventions-fiscales\/malawi\/\">Convention France\u2013Malawi : tous les sujets<\/a><a href=\"\/conventions-fiscales\/\">Toutes les conventions fiscales<\/a><a href=\"\/diagnostic\/\">Diagnostic express : o\u00f9 en est votre projet ?<\/a><\/div><\/div>\n<\/aside>\n<\/div><\/div>\n<div class=\"sticky\"><span>Vous partez au Malawi ?<\/span><a href=\"https:\/\/app.balmontconseil.com\/rdv?utm_source=site&#038;utm_medium=convention&#038;utm_content=malawi-plus-values-sticky\">Bilan de 30 min<\/a><\/div><\/div><script>(function(){var r=document.getElementById('bcv');if(!r)return;function clean(){r.removeAttribute('data-bml-bg');r.removeAttribute('data-bml-t');var l=r.querySelectorAll('[data-bml-bg],[data-bml-t]');for(var i=0;i<l.length;i++){l[i].removeAttribute('data-bml-bg');l[i].removeAttribute('data-bml-t');}}clean();new MutationObserver(function(m){for(var i=0;i<m.length;i++){if(\/^data-bml-\/.test(m[i].attributeName||'')){clean();break;}}}).observe(r,{attributes:true,subtree:true,attributeFilter:['data-bml-bg','data-bml-t']});window.addEventListener('load',function(){clean();setTimeout(clean,1300);setTimeout(clean,2500);});})();<\/script>","protected":false},"excerpt":{"rendered":"<p>Accueil \u203a Conventions fiscales \u203a France\u2013Malawi \u203a Article 11 \u00b7 Plus-values Convention France\u2013MalawiConvention entre la France et le Royaume-Uni sign\u00e9e \u00e0 Paris le 14 d\u00e9cembre 1950, \u00e9tendue \u00e0 la F\u00e9d\u00e9ration de Rhod\u00e9sie<span class=\"excerpt-hellip\"> [\u2026]<\/span><\/p>\n","protected":false},"author":5,"featured_media":0,"parent":22471,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"mfn-post-hide-title":"","footnotes":""},"class_list":["post-23168","page","type-page","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/balmontconseil.com\/en\/wp-json\/wp\/v2\/pages\/23168","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/balmontconseil.com\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/balmontconseil.com\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/balmontconseil.com\/en\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/balmontconseil.com\/en\/wp-json\/wp\/v2\/comments?post=23168"}],"version-history":[{"count":0,"href":"https:\/\/balmontconseil.com\/en\/wp-json\/wp\/v2\/pages\/23168\/revisions"}],"up":[{"embeddable":true,"href":"https:\/\/balmontconseil.com\/en\/wp-json\/wp\/v2\/pages\/22471"}],"wp:attachment":[{"href":"https:\/\/balmontconseil.com\/en\/wp-json\/wp\/v2\/media?parent=23168"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}