Increase in the social levy on capital income from 2.2% to 3.4%

Article 10 of the second amending finance act for 2011 raises the social levy on property income and investment income (Article L. 245-16 of the Social Security Code) from 2.2% to 3.4%, bringing total social levies on this income from 12.3% to 13.5%. The additional revenue is split equally between the national old-age insurance fund and the national health insurance fund. The increase applies to property income received from 1 January 2011 and to investment income for the portion accrued from 1 October 2011. The rate was raised to 5.4% in 2012.