Registration duty cut to 0% on sales of low-value businesses (2004-2005)
Article 14 of the Act of 9 August 2004 creates Article 724 bis of the General Tax Code: for transfers of complete business branches worth up to €300,000 referred to in Article 238 quaterdecies and made between 16 June 2004 and 31 December 2005, the registration duty of Article 719 is reduced to 0%, provided the buyer undertakes to keep the same activity for at least five years. Article 16 exempts these transfers from the additional departmental tax and lets local authorities exempt their additional taxes by decision.
Measure originators
A positive amount is revenue or savings for public finances; a negative amount is a cost or lost revenue.
Measure impact
The buyer of a business or business branch worth up to €300,000, acquired between 16 June 2004 and 31 December 2005, pays no State registration duty if committing to keep the activity for five years.
Official references
Sources
Procedure timeline
Follow the progress of this fiscal measure through the different stages of the parliamentary procedure.
President of the Republic signature
Publication au Journal officiel
Possible referral to Constitutional Council
Décision de conformité / censure partielle
Administrative implementation
Entrée en vigueur de la mesure et mise en œuvre par l'administration