French General Tax Code
In forceThe provisions of article 150-0 A are not applicable in the context of the transactions provided for in 1° of Article 5 of Law no. 86-793 of 2 July 1986 and Title IV of the loi n° 86-1067 du 30 septembre 1986 relative à la liberté de communication dans sa rédaction applicable au 23 décembre 2020, aux échanges de titres participatifs mentionnés à amended Article 1 of Law no. 86-912 of 6 August 1986, of securities mentioned in Articles 5 and 6 of the same law, of titles mentioned in articles 60 and 61 of the law of 30 September 1986 in the version applicable on 23 December 2020 realised before 21 July 1993, the date of publication of privatisation law no. 93-923 of 19 July 1993.
In the event of the sale of the shares received, the capital gain or loss is calculated on the basis of the acquisition price or value of the securities given in exchange; where these securities were acquired under the Nationalisation Act no. 82-155 of 11 February 1982 or the transactions mentioned in Article 19 of Law no. 81-1179 of 31 December 1981 and Article 14 of Law no. 82-1152 of 30 December 1982, the calculation is based on the acquisition price or value of the securities that gave rise to the right to compensation. These provisions apply to sales of shares received in the course of share exchanges carried out prior to 21 July 1993, the date of publication of privatisation law no. 93-923 of 19 July 1993.
