Allowance on gains of retiring business owners: holding companies of operating subsidiaries become eligible
Paragraph II of Article 11 of the 2026 budget act rewrites the activity condition for the company whose shares are sold, for the fixed €500,000 allowance on gains of SME managers retiring (Article 150-0 D ter of the General Tax Code): the company must carry on a commercial, industrial, craft, professional, agricultural or financial activity, other than managing its own securities or property, or have the sole corporate purpose of holding interests in companies carrying on these activities.
Measure originators
No official estimate found for this measure.
Measure impact
Managers who, on retiring, sell shares in a holding company exclusively holding interests in operating companies can claim the allowance, for sales made from 21 February 2026.
Official references
Sources
Procedure timeline
Follow the progress of this fiscal measure through the different stages of the parliamentary procedure.
Administrative implementation
Entrée en vigueur de la mesure et mise en œuvre par l'administration
President of the Republic signature
Publication au Journal officiel
National Assembly has the final say
Si échec CMP