April 2026
The 2026 Finance Act introduces 2 substantial changes to the Dutreil scheme. First, it excludes from the partial exemption the portion of the value of the securities representing certain assets not used for business purposes. Second, it extends the duration of the individual holding commitment from 4 to 6 years.
In collaboration with François BONTE and Julien HENRY, Pascal JULIEN-SAINT-AMAND examines the practical implications of this reform.
This article is only available in French.
Althémis Paris
Pascal JULIEN SAINT-AMAND is a partner Civil Law notary in Paris and Chairman of the Althémis Group.
Doctor of French and European law, after a career as a tax lawyer, he joined in 1993 the notarial profession to which he had a long family tradition. He has developed a high level expertise in wealth management, and in particular in estate planning for company directors.
He writes on these subjects in numerous books published by Éditions Francis Lefebvre: Pactes d’actionnaires et engagements Dutreil, Mémentos Patrimoine et Droit de la Famille, Les holdings, Stock-options et attributions gratuites d’actions.
He is a lecturer at Paris Dauphine University and the ESCP Business School. He is a member of the FNDP legal committee.
Stéphanie BOHUON
Public relations manager
