Transfer of securities: taxation, steps and vigilance

Updated March 29, 2026 - The transfer of securities remains one of the most frequent methods of transmission for selling a company. It allows the shares or shares themselves to be transferred, and not just the fund or activity. In 2026, we must think about taxation, formalities, guarantees and timetables.

In a transfer of securities, the transferor sells:

• ▸shares;
• ▸or social shares;
• ▸with everything that the company already carries: assets, liabilities, contracts, history and risks.

To go further, see Company to sell due to retirement, Tax exemptions on capital gains on sale and Choose the right transfer method to transfer your business.

Service-Public reminds that the capital gain on the sale of movable assets is in principle subject to the PFU of 30% (12.8% income tax and 17.2% social security contributions), except for the option for the scale and special cases.

Depending on the situation, other regimes may be added or combined:

• ▸executive retirement allowance;
• ▸deferral regimes;
• ▸registration fees depending on the nature of the titles and the act.

• ▸letter of intent or protocol;
• ▸acquisition audit;
• ▸deed of transfer;
• ▸registration ;
• ▸corporate formalities;
• ▸liability or balance sheet guarantees if necessary.

• ▸confuse transfer price and net income after tax;
• ▸sell the securities without having purged the liabilities;
• ▸underestimate the drafting of guarantees;
• ▸forget the declarative treatment.

Hayot Expertise Advice: in a transfer of securities, the taxation is not corrected at the end of the file. It is worked out with the price, the guarantees and the schedule from the beginning.

We help you reread the transfer method, estimate the net tax, and coordinate the legal and accounting documentation before signing.

Quick link: Secure your transfer of securities

In 2026, the transfer of securities remains a powerful transmission tool. But it requires a careful reading of the net value, the risks assumed by the buyer and the real tax effects.

Contact: Do you want to estimate the net amount of your securities transfer before negotiating? Our firm can help you lay down a quantified and documented basis. Make an appointment with Hayot Expertise

(Official sources: Service-Public.fr - capital gains on securities, Entreprendre.Service-Public.fr - transfer of shares to a third party, form 2759-SD)