Section V: Exempt assets

I.-The immovable property or rights mentioned in 1° of article 965 and the units or shares mentioned in 2° of the same article 965 representing these same properties or rights, when these properties or real estate rights are allocated to the main industrial, commercial, craft, agricultural or liberal activity of the persons mentioned in 1° of the said article 965. The property or rights mentioned in the first paragraph of…

I.-Properties in the nature of woods and forests are exempt up to three quarters of their taxable value if the conditions provided for in 2° of 2 of article 793 are satisfied. II.-Units in forestry groups are exempt up to three quarters of the fraction of the net value corresponding to the assets mentioned in 3° of 1 of article 793 and under the same conditions. III.-Property leased on a…