Transfer of a business to employees or relatives: allowance raised to €500,000
The 2024 Finance Act raises from €300,000 to €500,000 the allowance used to compute registration duties on the sale (Article 732 ter of the General Tax Code) and gift duties on the donation (Article 790 A) of a craft, commercial or agricultural business or a client base to employees or relatives (spouse, descendants, siblings) who continue the business.
Measure originators
No official estimate found for this measure.
Measure impact
Takeovers of sole-proprietor businesses by employees or family are taxed less. The Senate report describes the cost as 'a few million euros a year'; the amendment's authors estimated it at about €4m, a figure not validated by the administration.
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
Possible referral to Constitutional Council
Décision de conformité / censure partielle
National Assembly has the final say
Si échec CMP
Debate and vote
Debate and vote
Débat et vote en séance publique à l'Assemblée nationale, ou engagement de la responsabilité du Gouvernement (article 49.3)
Council of Ministers
Validation interne