CGT (France)

In France, CGT (Capitaux Généraux sur la Plus-Value) refers to capital gains tax applied when an individual sells assets like real estate, stocks, or valuable possessions. The tax is calculated on the profit made from the sale, after deducting allowable expenses and exemptions. The rate varies depending on the asset type and the duration of ownership, with certain exemptions for primary residences or long-held assets. The goal is to ensure individuals pay taxes proportionate to the gains they realize from their investments or sales, aligning with France’s broader tax regulations to promote fair fiscal contribution.