French General Tax Code
In forceThe bonus allocated at the time of the liquidation of a company to the holders of company rights in addition to their contribution is included, where applicable, in the income tax bases only up to the amount by which the repayment of the cancelled company rights exceeds the acquisition price of these rights in the case where the latter is greater than the amount of the contribution. Where the rights have been received, as from 1 January 2000, as part of an exchange transaction under the conditions provided for in article 150-0 B, in the fourth paragraph of article 150 A bis in force before the date of promulgation of the Finance Act for 2004 (no. 2003-1311 of 30 December 2003) or in II of article 150 UB, the bonus is calculated on the basis of the acquisition price or value of the securities or rights handed over in the exchange, less the amount of the balancing payment received, which has not been subject to taxation in respect of the year of the exchange, or plus the balancing payment made at the time of this exchange.
Article 161
French General Tax CodeIn force
Updated 8 Nov 2023
