2026 gain return adds forestry allowance for forest-owning entity shares

Sellers of movable property and of shares in property-preponderant companies (sociétés à prépondérance immobilière) and fonds de placement immobilier units declare their gains on the 2026 millésime of return n° 2048-M-SD (Cerfa 12358*19) with its notice 2048-M-NOT-SD (Cerfa 51955#09). The return covers income tax on the gain (CGI, art. 150 UA, 150 UB, 150 UC-II and 150 UD), the levy due from non-residents (CGI, art. 244 bis A) and the tax on high gains (CGI, art. 1609 nonies G). The act drafter identifies itself in the « Rédacteur de l'acte » box with its CRPCEN number, and the return is filed in duplicate for each disposal of one company's securities.

For a movable asset, the gross gain equals the corrected sale price (line 104, from lines 101 to 103) minus the corrected acquisition price or valeur vénale (line 108, from lines 105 to 107), with restoration costs added to the acquisition side. A 5% allowance per year of holding beyond the second year gives the net taxable gain (lines 120 to 130), so the gain is fully exempt after 22 years; losses are disregarded. Income tax runs at 19%, with CSG at 9.2%, CRDS at 0.5% and the prélèvement de solidarité at 7.5% (lines 140 to 143). Gains stay exempt for barges and boats used as the main home, household goods and cars unless art or antiques under option, disposals at 5,000 € or less, and property held over 22 years.

For shares and FPI units, the income-tax holding allowance runs at 6% per year from the sixth through the twenty-first year plus 4% for the twenty-second, with full exemption after 22 years. Social levies reach full exemption after 30 years. Individuals pay 19%; legal entities resident in an EEA State pay 15%, 19% or 25% and those resident outside the EEA or in a non-cooperative State or territory (ETNC) pay 25%.

New line 253 carries an abattement représentatif du forfait forestierImpots: where a natural person sells shares of a company or group under CGI articles 8 to 8 ter holding peuplements forestiersImpots, the income tax on the gain is reduced by 10 € per year of holding and per hectareImpots, proportionate to the share of capital sold, and line 260 nets it against lines 251 and 252. It does not reduce the social leviesImpots.

Boot up to 10% of the nominal value of shares received in an exchange stays taxable in the year of the exchange, capped at the gross gain (line 212). Sellers domiciled, established or formed outside the EEA, or in an EEA State that has no administrative-assistance and recovery conventions with France, must designate an accredited representative in France once the disposal exceeds 150,000 €; the representative undertakes under article 244 bis A to pay the levy in the seller's place and under article 990 F to pay the annual 3% tax of article 990 D where the seller is a non-EU entity liable to it. The high-gains tax applies above 50,000 € of net taxable gain after the holding allowance, assessed on spouses separately for jointly sold community property. With a deed subject to compulsory registration the return is filed at registration, on pain of refusal of the formality; otherwise it is due at the registration service of the seller's domicile within one month of the disposal.

Legal basis: CGI articles 150 UA, 150 UB, 150 UC-II, 150 UD, 244 bis A and 1609 nonies G; return n° 2048-M-SD, millésime 2026 (Cerfa 12358*19) and notice 2048-M-NOT-SD (Cerfa 51955#09), with the forestry allowance under 150 VF-III and filing duties under 150 VG and 150 VH.