€150 per cow tax deduction when the value of the cattle herd rises
Article 70 of the 2024 Finance Act lets farmers taxed on actual profits deduct €150 per dairy or suckler cow held in stock when the value of these stocks rises by more than 10%, up to €15,000 per financial year (multiplied by the number of farming partners, up to four, in GAEC and EARL). The deduction is added back when the animal leaves the herd, and at the latest in the sixth following year, unless the animal is replaced. It applies to financial years ending between 1 January 2023 and 31 December 2024 and falls under the EU agricultural de minimis aid rules.
No official estimate found for this measure.
Measure impact
Cattle farmers whose cow herd gains value temporarily reduce their taxable profit by €150 per cow, up to €15,000 per year, for financial years ending in 2023 and 2024.
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
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
Council of Ministers
Validation interne