Tax conditions for investment securities

The elements of taxation in this document apply to French residents for tax purposes. More information for residents outside Francehere.

What is investment income?

Investment income refers to all income from financial investments. As an Air Liquide shareholder, this corresponds to yourdividendpayments, anycapital gainson sales of your shares and the payment of fractional rights duringfree share attributions.

Where to find the amount of 2019 investment income relating to your Air Liquide shares to be declared in 2020?

Your tax reporting form includes all the information necessary to complete your tax return. Simply copy the stated amounts of dividends and fractional rights in the relevant boxes of your tax return. Any fractional rights received following the October 2019 free share attribution are to be reported as a capital gain on a sale without taking into account the deduction (in box 3VG).

Good to know:if you are a direct registered shareholder, you can access your account document in your个人网上账户.

Note:you must calculate the total amount of your net capital gains or losses based on the gross disposal amounts yourself. For further information on how to do this, please refer to ourfactsheet.

Choosing the best taxation method

Since the enactment of the 2018 Finance Act in France, each year you may choose between the 30% flat tax and the income tax, on a progressive scale, which corresponds to the historic mechanism.

To help you choose between the taxation methods available to you and make an informed choice, we recommend using the tax authorities'simulator(in French only).

Note:the option chosen applies to the entire household’s investment income.

I have chosen the flat tax, what must I do?

The tax return form, as well as the tax authorities’ simulator, applies the flat tax by default. You therefore do not need to change anything if you choose the flat tax.

You must, however:

• 验证你的数量dividend which is pre-completed by the tax authorities in box 2CG and any advance withholding for tax deducted when the dividend was paid in box 2CK.
• in the event of a capital gain on a sale, you must complete the amount of yourcapital gainin box 3VG without taking into account the deduction for seniority.

Note:any fractional rights received from a free share attribution must be declared as a capital gain on disposal, without applying the deduction (in box 3VG).

I have chosen the progressive scale, what must I do?

You must tick box 2OP on your tax return.

You must also:

• 验证你的数量dividend which is pre-completed by the tax authorities in box 2BH and any advance withholding for tax deducted when the dividend was paid in box 2CK.
• in the event of capital gains on a sale, you must complete the amount of yourcapital gainsin box 3VG without taking into account the deduction and enter any deductions for seniority in box 3SG (Common law seniority deduction) from the document 2042C.

Note:any fractional rights received from a free share attribution must also be declared as a capital gain on disposal, without applying the deduction (in box 3VG).

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