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      France Proposes Exit Tax on High-Value Crypto Holders Moving Abroad

      French lawmakers have advanced amendments to the 2027 budget bill that would impose an exit tax on households with crypto holdings exceeding €800,000 who relocate abroad. This proposal, approved by the National Assembly’s Finance Committee, aims to align the taxation of cryptocurrencies with that of traditional financial assets. The amendments are set to take effect on January 1, 2027, pending further legislative approval after the budget's revenue section was rejected on October 9, 2026.

      The exit tax, outlined in Amendment I-CF1822, would apply the same €800,000 threshold and residency requirements currently used for traditional securities. Departing taxpayers would also have access to payment deferral mechanisms similar to those available for stock investments. Additionally, a second amendment, I-CF1826, would classify swaps of cryptocurrencies into regulated stablecoins as taxable sales, which could significantly impact active traders.

      A related amendment would allow investors to carry forward realized crypto losses for up to 10 years, mirroring the treatment of stock losses. This provision aims to provide some relief to investors who may incur losses during market downturns. The legislative process continues, with a vote scheduled for October 20, 2026, determining the fate of these proposed tax changes.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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