Article 72 B of the French General Tax Code

An indemnity intended to cover damage to crops caused by events of climatic origin which is acquired in respect of a financial year, but covers a loss actually incurred in respect of a subsequent financial year, is taxable in respect of the financial year in which that loss is established.

Original in French 🇫🇷

Article 72 B

L’indemnité destinée à couvrir les dommages causés aux récoltes par des événements d’origine climatique qui est acquise au titre d’un exercice, mais couvre une perte effectivement subie au titre d’un exercice ultérieur, est imposable au titre de l’exercice de constatation de cette perte.