What taxation for an ordinary securities account?

Taxation is the sensitive point of the ordinary securities account. Unlike PEA or life insurance, there is no tax advantage related to the duration of holding. Income and capital gains are taxed as soon as they are received.

👉 Two types of income are concerned:

Dividends and bond coupons: subject to the Single Flat Rate Deduction (PFU) of 30% (12.8% tax + 17.2% social contributions).

Capital gains on transfers: same rules, with the possibility of opting for the progressive scale of income tax (interesting for households with low taxes).

💡 Good to know: Some foreign securities are subject to withholding tax in their country of origin (e.g., 15% in the United States). A part can be recovered through international tax treaties.

Concrete example:

Claire invests €10,000 in US stocks through her CTO. She receives €500 in dividends. After applying the PFU, she will keep €350 net, the remaining €150 corresponding to taxation and social contributions.