No abuse of law in a structured investment through a French share saving scheme

Pursuant to Conseil d’Etat rulings 418452 and 429393 of June 19, 2020, with opinion of public reporter Anne Iljic, the administrative court of appeals of Paris confirms that the tax benefits attached to a French share saving plan apply to the gains realized upon the sales of shares in private holding companies acquired through such a plan. The court recognized the rationale of such holdings and dismissed the tax authorities’ challenge of the share valuation (administrative court of appeals of Paris, July 20, 2022, 20PA01532 and January 25, 2023, 19PA01230, Kemoun)

- Administrative court of appeals of Paris n°20PA01532 (July 20, 2022)
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- Administrative court of appeals of Paris n°19PA01230 (January 25, 2023)
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