Since 2019 January 1st, the Dutreil Agreement has been reformed to facilitate the growth and the firm transmission. For instance, it can now be directed to a common-law partner.
The taxation is no longer based on 25% of the equities, with the possibility of a fifty-percent drop in value if the donator is less than 70 and sells the integrality of his equities. It is still about a commitment in which every signatory has to conserve the equities for six years, including a two-years collective commitment.
To make the family capital recomposition at the end of the agreement easier, it is now possible to go through a holding on the agreement period. It enables to make the management easier as long as, in the end, the firm belongs to one child that compensates his siblings in return. This holding can welcome an external shareholder up to 25% of the capital to bring some money and diversify the firm activities.
The capital thresholds to transmit are also reduced to 17% for the titles and 34% for the non-listed firms’ voting rights. They are also reduced up to 10% of the titles and 20% for the voting rights of the listed firms.
