Vidéo [20] ; Plus-Value de Cession des immobilisations à réinvestir.

Tax law provides for the exemption of capital gains generated on the sale of a fixed asset when the company undertakes to reinvest an amount equal to the value of the asset sold plus the realized capital gain. This measure constitutes an exception to the PVC regime, under which PVCs are subject to a rate of 70% and 35% depending on whether the PVC is long-term or short-term. Article 173 of the Direct Tax Code provides for the allocation of the capital gain in question to the depreciation of the new asset, thereby reducing its depreciable base. As a result, this capital gain is not categorically exempt, but its taxation is only deferred over time.