Farmers' contingency deduction: period of use extended from five to seven financial years

Article 10 of the 2005 Finance Act amends Article 72 D bis of the General Tax Code on the contingency deduction for farmers taxed on actual profits. The period during which amounts deducted and saved in a bank account may be used after a climate, health, economic or family contingency is extended from five to seven financial years; the other time limits of the scheme are aligned on seven years.