Ensure the renewal of agricultural operations “to maintain our agriculture over the long term”.
Prime Minister Gabriel Attal announced several measures aimed at promoting the transmission of farmers' activities to following generations, this Thursday, February 1, in a series of announcements intended to calm the anger of the sector.
The government will therefore raise the exemption thresholds for agricultural inheritances.
The main change on inheritance concerns capital gains on transfers of individual businesses: currently at 500,000 euros for a total exemption and up to 1 million euros for a partial exemption, the thresholds will be raised respectively to 700,000 euros and 1.2 million euros,
“in the event of the takeover of a farm by a young farmer”
, detailed the Minister of Economy and Finance Bruno Le Maire, also present in Matignon.
Also read: Strengthening Egalim, transfer of farms, livestock aid... What to remember from Gabriel Attal's announcements for farmers
A mission on agricultural transmissions
The second increase in the threshold concerns the exemption from inheritance and gift taxes in the event of transfers of rural property given on long-term lease and shares in agricultural land groups, said the minister.
The exemption threshold will be increased from 500,000 to 600,000 euros in the context of a transfer to a young farmer,
“in the event of a ten-year conservation commitment”
, said Bruno Le Maire.
The capital gains exemption regime in the event of retirement will also be reviewed,
“in situations of transfers which take place over a long period”
to young farmers, said the minister without saying more.
In addition to these increases in transmission thresholds, the government intends to launch a mission on agricultural transmissions to facilitate the renewal of generations in agriculture, he detailed Thursday during the press conference in which the Minister of Agriculture also participated. Ecological transition Christophe Béchu and the Minister of Agriculture Marc Fesneau.
“This will take a few months and could be transposed into the finance bill for 2025
,” said Bruno Le Maire.