I. – Notwithstanding the provisions of Article L. 323-13 of the French Rural and Maritime Fishing Code, the contribution of an asset by a farmer to a Groupement agricole d’exploitation en commun constitutes a transfer within the meaning of 1 of article 38. II. – Without prejudice to the provisions of the fifth paragraph of 1 of Article 42 septies, of III of Article 73 of the second paragraph of…
The taxable profit of farmers placed under the simplified tax regime based on actual profit is determined in accordance with the provisions of articles 72 to 73 E subject to the following simplifications: a. Farm accounts only record receipts and payments on a daily basis; receivables and payables are recorded at the end of the financial year, except, at the operator’s option, for expenses relating to overheads, which are paid…
The income tax return filed under article 53 A farmers subject to the simplified tax regime based on actual profits, includes: 1° A simplified account showing the tax result determined in accordance with the conditions set out in Article 74; 2° A table of fixed assets and depreciation. These holdings are required to produce a simplified balance sheet in support of their income tax return; they are exempt from providing…
A decree sets out the conditions for application of articles 74 and 74 A. It also specifies: – the methods for determining taxable income as defined in article 74; – the conditions for exercising and the period of validity of the options provided for in Article 69; – the rules applicable in the event of a change of tax regime; – the nature and content of the documents that farmers…
1. The exceptional income of a farmer subject to a real taxation system may, by option, be attached, in equal fractions, to the results of the financial year in which it is realised and of the six following financial years. The provisions of I of article 163-0 A shall apply in respect of each of these financial years regardless of the amount of the fraction referred to in the first…
At the option of taxpayers with agricultural profits subject to an actual taxation system, the agricultural profit used as the basis for the progressive tax is equal to the average of the profits for the tax year and the two previous years. In calculating this average, no account is taken of losses carried forward. The option is valid for the year in respect of which it is exercised and for…
I.-At the request of the farmer, the income tax relating to the following income is assessed each year in fifths for the year of cessation and the following four years: 1° The sums deducted in application of articles 72 D, 72 D bis, 72 D ter and 73, which have not yet been used and added to the immediately taxable profit for the year in which the company ceases to…
The income from ancillary activities falling within the category of industrial and commercial profits and that of non-commercial profits earned by a farmer subject to an actual taxation system may be taken into account in determining agricultural profits when, in respect of the three calendar years preceding the date on which the financial year begins, the annual average of ancillary commercial and non-commercial income for these three years does not…
1. With regard to woods, oseraies, alder groves and willow groves located in France, the taxable agricultural profit from the felling of woodland is set at a sum equal to the income used as the basis for the property tax assessed on these properties in respect of the year of taxation. Profits resulting from the harvesting of products such as fruit, bark or resin, with a view to the sale…
Capital gains realised on the disposal of land for forestry use or forest stands are subject to income tax under the conditions set out in the articles 150 U to 150 VH when the activity of exploitation or management of these lands and stands is not carried out on a professional basis by the transferor within the meaning of IV of article 155.
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is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
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is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396
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