the Senate reduces inheritance tax for winegrowers and farmers

The Senate, dominated by the right-wing opposition, flew to the aid of winegrowers and farmers on Saturday to prevent their family farms from falling into the hands of “foreign investors”, by adopting amendments to the draft budget reducing the taxation of endowments and estates.

We are witnessing a strong concentration of the sector, a gradual disappearance of family farms, and an increase in the acquisition of agricultural and wine-growing farms by foreign and/or institutional investors, pleaded senator LR Daniel Laurent in an amendment.

This system aims to protect family farms and vineyards, by reducing the taxation of donations and inheritances when one or more heirs wish to take over the farm, and the other heirs undertake to keep the property transferred and leave it at the disposal of the buyers for 25 years, supported the senator.

Socialists, Independents and the Radical Majority RDSE have also tabled amendments to allow farmers and winegrowers, whose land has increased sharply, particularly in the wine sector, to pass them on to the next generation.

The amendments were passed despite the unfavorable opinion of the Minister of Public Accounts Gabriel Attal.

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The Minister of Agriculture Marc Fesneau has already announced a bill which will be presented at the beginning of 2023 with a dimension on agricultural land, he explained.

The debates that we have show how much this legislative vector is needed, which allows us to have real debates. We must take the subjects in the right order, he added.

These amendments were adopted during the first reading by the senators of the finance bill for 2023. The government may make them disappear by using Article 49.3 of the Constitution in the National Assembly.

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