{"id":7145,"date":"2026-10-25T07:20:24","date_gmt":"2026-10-25T06:20:24","guid":{"rendered":"https:\/\/balmontconseil.com\/blog\/donner-ses-actions-avant-de-les-vendre-94-200-e-dimpot-en-moins\/"},"modified":"2026-10-25T07:30:21","modified_gmt":"2026-10-25T06:30:21","slug":"donner-ses-actions-avant-de-les-vendre-94-200-e-dimpot-en-moins","status":"publish","type":"post","link":"https:\/\/balmontconseil.com\/en\/blog\/donner-ses-actions-avant-de-les-vendre-94-200-e-dimpot-en-moins\/","title":{"rendered":"Donating shares before selling them: \u20ac94,200 less in taxes"},"content":{"rendered":"
\n

In summary\u2026<\/h2>\n

A couple who sell a \u20ac400,000 securities account purchased for \u20ac100,000 will pay \u20ac94,200 in capital gains tax in 2026, before even giving a single euro to their children. By gifting the securities rather than the purchase price, the capital gain disappears: the children's original purchase price becomes the value used for the gift. Four allowances of \u20ac100,000 each cover the gift. Result: \u20ac0 tax and \u20ac0 gift tax.<\/p>\n<\/div>\n

1. Selling then donating: tax before the gift<\/strong><\/h2>\n

Capital gains on securities are subject to a single flat-rate levy: 12.8 % of income tax and 18.6 % of social security contributions in 2026, i.e. 31.4 %.<\/p>\n

Of the \u20ac300,000 capital gain, this represents \u20ac94,200. What remains to be given has already been reduced.<\/p>\n

2. Why the gift eliminates the capital gain<\/strong><\/h2>\n

For securities received as a gift, Article 150-0 D of the French General Tax Code (CGI) uses the acquisition price as the value taken into account for calculating gift tax. Capital gains realized by the parents are never taxed: if the children sell at the same price, their capital gain is zero.<\/p>\n

3. Concrete example<\/strong><\/h2>\n

Situation.<\/strong> A couple in their 60s, a securities account worth \u20ac400,000 bought for \u20ac100,000. They want to help their two children.<\/p>\n

Issue.<\/strong> Selling first means \u20ac300,000 capital gain taxed at 31.4% %: \u20ac94,200 in tax.<\/p>\n

Strategy.<\/strong> Each parent gives each child \u20ac100,000 worth of securities. Four allowances of \u20ac100,000 each (article 779) cover the \u20ac400,000. The children then sell.<\/p>\n

Result.<\/strong> \u20ac0 capital gains tax, \u20ac0 gift tax. \u20ac94,200 that remains in the family.<\/p>\n

4. What causes the strategy to fail<\/strong><\/h2>\n

Whether the money is returned to the parents through a loan, a current account, or an investment for their benefit, the tax authorities consider it a fictitious gift: this constitutes tax avoidance (Article L. 64 of the French Tax Procedures Code).<\/p>\n

The sale agreement must be signed before the gift. The shares must belong to the children at the time the transfer is decided.<\/p>\n

Securities resulting from a contribution-sale transaction placed under a tax deferral scheme. They are subject to specific rules, detailed in our article on the subject.\u2019Article 150-0 B ter<\/a>.<\/p>\n

Frequently asked questions<\/strong><\/h2>\n

Should the children sell right away?<\/strong><\/h3>\n

No. They are free to keep the securities. Their future capital gain will be calculated based on the value retained in the gift.<\/p>\n

How are listed securities valued?<\/strong><\/h3>\n

The choice is between the last known price or the average of the last thirty prices preceding the gift (article 759 of the CGI).<\/p>\n

Can a PEA be given as a gift?<\/strong><\/h3>\n

No. The PEA is tied to its holder. The strategy targets securities held in a standard securities account.<\/p>\n

Do you own securities with high capital gains and want to help your children? Book an appointment<\/a>\u00a0: we calculate the gift before any sale.<\/strong><\/p>","protected":false},"excerpt":{"rendered":"

En r\u00e9sum\u00e9… Un couple qui vend un compte-titres de 400\u202f000\u00a0\u20ac achet\u00e9 100\u202f000\u00a0\u20ac paie 94\u202f200\u00a0\u20ac d’imp\u00f4t sur la plus-value en 2026, avant m\u00eame de donner un euro \u00e0 ses enfants. En donnant les [\u2026]<\/span><\/p>\n","protected":false},"author":5,"featured_media":7146,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[9],"tags":[],"class_list":["post-7145","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-patrimoine"],"acf":[],"jetpack_featured_media_url":"https:\/\/balmontconseil.com\/wp-content\/uploads\/2026\/10\/donner-ses-actions-avant-de-les-vendre-94-200-d-imp-t-en-moi-1.webp","_links":{"self":[{"href":"https:\/\/balmontconseil.com\/en\/wp-json\/wp\/v2\/posts\/7145","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/balmontconseil.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/balmontconseil.com\/en\/wp-json\/wp\/v2\/types\/post"}],"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=7145"}],"version-history":[{"count":1,"href":"https:\/\/balmontconseil.com\/en\/wp-json\/wp\/v2\/posts\/7145\/revisions"}],"predecessor-version":[{"id":7147,"href":"https:\/\/balmontconseil.com\/en\/wp-json\/wp\/v2\/posts\/7145\/revisions\/7147"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/balmontconseil.com\/en\/wp-json\/wp\/v2\/media\/7146"}],"wp:attachment":[{"href":"https:\/\/balmontconseil.com\/en\/wp-json\/wp\/v2\/media?parent=7145"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/balmontconseil.com\/en\/wp-json\/wp\/v2\/categories?post=7145"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/balmontconseil.com\/en\/wp-json\/wp\/v2\/tags?post=7145"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}