© F E R R E R F a b i e n T o t a l E n e r g i e s

Your capital gains are exempt

from income tax in France

The tax system of your country

of residence applies

Capital gains may be taxed in your country of residence.

You need to contact the tax authorities of your country of

residence or your tax advisor to obtain more information

about your particular situation.

A few examples

• In Germany: above €1,000 per year for singles (and

€2,000 per year for couples filing a joint income tax

return), capital gains are taxed at an overall rate of 25%

(plus church tax, if applicable), or, if you opt to, at your

applicable income tax rate. A 5.5% solidarity surtax is

levied on the 25% withholding tax, representing a global

rate of 26.375%.

N.B. Losses incurred on the sale of shares acquired since

January 1, 2009 can be offset against gains derived from

the sale of shares acquired from that date.

• In Belgium: in principle, you are not subject to income

tax on capital gains, but you must pay a tax on stock

exchange transactions, equal to 0.35% of the amount of

transactions in 2024, capped at €1,600 per transaction.

N.B. Since February 2021, an annual tax on securities

accounts has been applied a 0.15% rate to the average

value of all the taxable financial instruments held in

the securities account if this value exceeds one million

euros over a reference period (i.e. between October 1 and

September 30 of the following year). This tax is withheld

directly by the Belgian bank holding the shares. If the

securities account is held abroad, the account holder will

generally be responsible for reporting and paying the tax.

• In the United Kingdom: for shares which are not in ISA

or in any other specific tax framework, no tax is due on

capital gains up to the limit of £3,000 for the tax year

2024-2025. Above this limit, capital gains are subject to

capital gains tax at the rate of 10% or 20% depending on

your particular situation.

• In the United States: taxation on capital gains depends on

the holding period of the shares. Long- term capital gains,

i.e. on shares held for more than one year, will be taxable

at preferential rates (i.e. 0%, 15% or 20%, depending on the

tax bracket). Short-term capital gains, i.e. on shares held

for one year or less, will be taxable at the ordinary income

tax rates (i.e. between 10% and 37%, depending on the tax

bracket). Investment income (including capital gains) is

also subject to an additional net investment income tax

of 3.8%, if it exceeds certain thresholds.

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