Net capital gains on sale of shares ( i . e . capital gains minus capital losses on share

transfers incurred in the same tax year or in previous years , up to the tenth year

included ) realized by individuals residing in and subject to taxation in France ,

are subject to an income flat tax rate of 12 . 8 % .

This rate applies without any allowance for holding period . Taxed capital gains

are also subject to social contributions ( see point 1 . 4 below ) .

YOUR CAPITAL GAINS

ARE SUBJECT TO

THE FLAT TAX ( PFU )

A shareholder sells TotalEnergies shares for a price of € 3 , 000 in 2026

while he acquired them in 2012 for a price of € 2 , 500 . He therefore realizes

a capital gain of € 500 that he must report in his 2027 tax return relating to

2026 income . He must pay the PFU on capital gains for an amount of € 157

( i . e . € 500 x 31 . 4 % ) .

EXAMPLE

CAPITAL GAINS ON THE SALE OF TOTALENERGIES SHARES IN YEAR N

Whatever the option chosen capital gains on the sale of shares must be reported in your annual

income tax return and are subject to social contributions at an overall rate of 18 6

Your capital losses on sale of shares can be offset against capital gains of the same nature

realized during the relevant year and the 10 subsequent years

Must be reported in year n + 1 in your tax return relating to year n income

Based on this tax return and on the income of year n , in year n + 1 you will be

paying a flat income tax ( “ PFU ” ) at a global rate of 31 . 4 % of the capital gains

realized in year n .

However you may expressly opt for income tax to be assessed according to

the progressive tax scale In certain cases your net gains from the sale of shares

held for more than two years may benefit from a holding period allowance

For income tax due in respect of the 2026 tax year i e on 2026 income

and subsequent years the option will no longer be irrevocable meaning

that you may waive it a posteriori if it proves not to be advantageous for you

31 . 4 %

12 . 8 %

18 . 6 %

income tax

social contributions

OR

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Date : 26 / 05 / 2021

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