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Mayer Brown says it published a note on French participation securities taxation
Mayer Brown said it published a French-language tax note on a new presumption governing the long-term capital gains treatment of participation securities. The firm’s September 28 publication discussed administrative guidance on a dedicated securities subaccount and listed eight Paris tax lawyers as authors.
Key points
- Mayer Brown’s note examines conditions involving the parent-subsidiary regime and a 5% voting-rights threshold.Mayer Brown
- The firm’s publication discusses transfers of securities acquired before January 1, 2026.Mayer Brown
- Mayer Brown’s note addresses the calculation of a two-year holding period.Mayer Brown
- The firm’s publication considers removal from the subaccount when qualifying conditions cease to be met.Mayer Brown