The government will raise the exemption thresholds on agricultural inheritances, Prime Minister Gabriel Attal announced Thursday during a press conference in Matignon, in order to encourage younger generations to continue farming.
It is through new generations that we will ensure the sustainability of our agriculture, affirmed Mr. Attal during a speech presenting a series of announcements aimed at calming the anger of farmers.
The main change on inheritance concerns capital gains on transfers of individual businesses: currently 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. ‘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 on Thursday at Matignon.
The second increase in threshold concerns the exemption from inheritance and gift taxes in the event of transfers of rural property given long-term lease and shares in agricultural land groups, affirmed the minister: the exemption threshold limit will be increased from 500,000 600,000 euros as part of a transfer to a young farmer, in the event of a ten-year conservation commitment, said Mr. 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 of young farmers, affirmed the minister without saying more.
In addition to these increases in thresholds on transmissions, 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 Transition also participated. ecological Christophe Bchu 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.