**Nouvelle Exonération Fiscale pour la Transmission de Vignes**

On 29 November 2024, the Senate adopted a crucial amendment concerning the taxation of vineyards, offering a 75% exemption on transfers of rural property worth up to €20 million, provided the property is held for 15 years. This decision, put forward by Senator François Patriat and supported by the Confédération Nationale des producteurs de vins et eaux-de-vie à Appellations d’Origine Contrôlées (CNAOC), aims to facilitate the intra-family transfer of winegrowing businesses, a vital issue in the face of the challenges of generational renewal and property speculation.

This amendment marks a significant shift in tax strategy: the exemption ceiling has been raised from €500,000 to €20 million to encourage the retention of vineyards. The senators point out that this initiative could prevent the disappearance of thousands of family vineyards, which are essential to the richness of France’s terroirs.

However, the CNAOC remains cautious, noting that the crucial discussions within the joint committee are still to come. CNAOC President Jérôme Bauer is calling for continued mobilisation to ensure the success of this measure, which is beneficial for the future of family farming and winegrowing in France.

This project is very favourable to investment in winegrowing assets.
However, it is still awaiting approval by the new government, which has yet to be put in place.

Keep up to date with this important development, which will have a direct impact on the future of winegrowing and the agricultural heritage of our regions! 🍇🧑‍🌾

#Wine #Taxation #Transmission #CNAOC #FamilyFarming