Previously set at €300,000, theabatement which the person who takes over the company's business as a member of the family or as an employed person is now entitled to €500,000 on the value of the fund or the customer for the calculation of registration fees.

What conditions apply to the reduction?

This allowance shall apply to companies engaged in an industrial, commercial, craft, agricultural or liberal activity, with the exception of the management of their own movable or immovable property.

It concerns:

• craft trade funds;
• goodwill;
• agricultural funds;
• the company clientele.

In order to benefit from this arrangement, the purchaser must undertake to to continue the activity effectively and continuously and to to ensure effective management company during 5 years after recovery. Maintenance of the same activity is not required during this period.

If a bankruptcy procedure is opened within 5 years of the company's purchase, the benefit of the rebate is not called into question. The same applies to cases of force majeure (death of the purchaser, accident or illness rendering the purchaser unfit for work, etc.).