Losses resulting from the striking off of a security from the quoted list (notably because of winding-up by court decision) may not, according to the response of Budget Minister n° 11113 to M. Philippe Briand of 15 august 1994, be offset against either taxable capital gains of the same kind, nor against other income of the taxpayer. A project is currently underway to see if, and if so how, such losses could be taken into account.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances. For additional information contact Claire Acard on +33 (1) 55 61 10 10. The members of ARCHIBALD ANDERSEN Association d'Avocats (S.G. Archibald and Arthur Andersen International) are registered with the Hauts-de-Seine Bar.
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