![]() Net asset value is taxed at a flat rate of 31% on a deemed annual return (the deemed annual return varies by the total value of assets owned).Ĭapital gains are subject to PIT (an adjustment factor applies). Taxed at progressive rates if held <6 months. Capital Gains Tax Rates in Europe (European OECD Countries) as of April 2021 Top Marginal Capital Gains Tax Rates on Individuals Owning Long-Held Listed Shares without Substantial Ownership (Includes Surtaxes)Ĭapital gains are only taxed if they are regarded as professional income.Ĭapital gains included in PIT but exempt if shares of a joint stock company were held for at least three years (five years if limited liability company).įlat 30% tax on capital gains, plus 4% for high-income earners.įlat 25% tax on capital gains, plus a 5.5% solidarity surcharge.Ĭapital gains are subject to flat PIT rate at 15%.Ĭapital gains are subject to PIT, with a top rate of 20%.Ĭapital gains are tax-exempt if a movable asset (such as shares) was held for at least six months and is owned by a non-large shareholder. On average, the European countries covered tax capital gains arising from the sale of listed shares at 19.3 percent. Of the countries that do levy a capital gains tax, Greece and Hungary have the lowest rates, at 15 percent. These include Belgium, the Czech Republic, Luxembourg, Slovakia, Slovenia, Switzerland, and Turkey. Finland and France follow, at 34 percent each.Ī number of European countries do not levy capital gains taxes on the sale of long-held shares. If the capital gains tax rate varies in a country by type of asset sold, the tax rate applying to the sale of listed shares after an extended period of time is used.ĭenmark levies the highest top capital gains tax of all countries covered, at a rate of 42 percent. The capital gains tax rates shown in the map are the top marginal capital gains tax rates levied on individuals, taking into account exemptions and surtaxes. For example, if you buy a share for $100 and sell it for $120, you pay capital gains tax on your $20 gain. When a person realizes a capital gain-that is, sells an asset for a profit-they face a tax on that gain. Today’s map focuses on how capital gains are taxed, showing how capital gains tax rates differ across European OECD countries. ![]() In many countries, investment income, such as dividends and capital gains, is taxed at a different rate than wage income.
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