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You are selling a fixed asset held by your company

Reporting my business capital gains

Selling a fixed asset is not reported like operating income: the gain is classed as short or long term, is sometimes spread, and is tracked across four schedules of the return package. The appropriation of profit is reported on a fifth. 7 steps, from classification to follow-up.

Start here: From accounting result to taxable result

Understand: what separates accounting profit from taxable profit

  1. Step 1 of 7
    CoursePaid individually25 min

    From accounting result to taxable result

    Why a company has two results and which one bears the tax, how the add-backs and deductions of schedule 2058-A are read, and the two-slice computation at 15 % then 25 %. Three modules on a year showing €120,000 of profit. All the prose is free to read; only the quizzes are sold.

Compute: the corporation tax due on the profit

  1. Step 2 of 7
    CalculatorFree result

    French corporate tax (IS)

    Enter your profit: 15% up to €42,500 if your SME qualifies, 25% above — complete result, free.

Report: appropriation of profit 2058-C, gains and losses 2059-A to 2059-D

  1. Step 3 of 7
    FormFree20 min

    Form 2058-C — appropriation of profit and miscellaneous information

    Form 2058-C (standard regime): sources and appropriations of the previous year's result, with the TOTAL I = TOTAL II control, plus the miscellaneous information (leasing, VAT, gross wages).
  2. Step 4 of 7
    FormFree25 min

    Form 2059-A — determination of gains and losses

    Form 2059-A (standard regime): residual value of assets disposed of, the gain or loss realised and its tax qualification — short term, long term split by rate, gains taxed at 19%.
  3. Step 5 of 7
    FormFree20 min

    Form 2059-B — tracking of spread short-term gains

    Form 2059-B (standard regime): tracking of the spread add-back of short-term gains, year by year, and of merger or contribution gains.
  4. Step 6 of 7
    FormFree20 min

    Form 2059-C — tracking of long-term losses

    Form 2059-C (standard regime): ten-year tracking of long-term losses, in two sections — income tax at 12.8%, corporate tax at 15% or 19%.
  5. Step 7 of 7
    FormFree20 min

    Form 2059-D — special reserve for long-term capital gains

    Form 2059-D (standard regime, companies subject to corporate tax): tracking of the special long-term capital gains reserve by original rate, and of the price-fluctuation provision reserve.

The other paths

A different procedure, the same principle: the three pillars in order.

Read in French