Part One: State taxes

I. – As from the first financial year opened after 31 December 1983, for crop production, income in progress consists solely of advances to crops which are entered, at their cost price, in the incoming and outgoing stocks of agricultural holdings subject to the system of taxation based on actual profits. II. – Advances to crops are represented by all costs and charges incurred during a financial year with a…

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.

Farmers may not apply the provision for price increases provided for in 5° of 1 of Article 39 (1). The total amount of provisions for price increases set aside before 1 January 1984 may, as from the first financial year opened after that date, be reintegrated in equal fractions over a number of financial years equal to twice those in respect of which they were set aside. (1) Provision applicable…

The capital gain realised on land during the exchange transactions mentioned in 5° of II of article 150 U is not included in the taxable profit for the current financial year. In the event of a subsequent sale of the land received in exchange, the capital gain is determined on the basis of the date and value of acquisition of the original land.

In the event of a change from the taxation system provided for in article 64 bis to an actual taxation system, the receivables shown in the opening balance sheet for the first financial year subject to an actual taxation system are added to the taxable profit for that same financial year for their amount excluding tax after deduction of an 87% allowance.

L’à-valoir mentionné à l’article L. 731-22-1 of the French Rural and Maritime Fishing Code is deductible from the profit or loss for the financial year in which it is paid. However, when the taxable income for a financial year is higher than that of the previous financial year, the capital gain referred to in the first paragraph not paid at the end of the financial year is nevertheless deductible up…

I. – 1. Farmers subject to an actual taxation system may make a deduction for precautionary savings, the amount of which is capped, per twelve-month financial year: a) 100% of taxable profits, if less than €28,612; > b) To the sum of €28,612 plus 30% of the profit in excess of this limit, where it is greater than or equal to €28,612 and less than €52,985; c) To the sum…

I. The taxable profit of farmers subject to a real taxation system who benefit from start-up aid for young farmers provided for in article D. 343-3 du code rural et de la pêche maritime , is determined, for the first sixty months of activity, from the date the first aid is granted, after deduction of a deduction of 75% when the profit for the financial year is less than or…

The provisions of Article 42 septies are applicable to the start-up grant for young farmers provided for in articles D. 343-9 to D. 343-12 of the rural and maritime fishing code when it is allocated to the creation or acquisition of fixed assets.