Article 150-0 B ter: An Opportunity to Act Before a Potential Reform?

The Article 150-0 B ter tax regime plays a central role in wealth planning strategies related to business sales in France. As the 2026 Finance Act may reshape its framework, this tax mechanism remains, for now, a particularly powerful tool to defer capital gains taxation and redirect capital toward private market investments, directly supporting the real economy.

In an environment of regulatory uncertainty, understanding how Article 150-0 B ter works has become more essential than ever for wealth management professionals and investment advisors.

👉 Focus on Article 150-0 B ter: Interview with Yann Charrère – Radio Patrimoine : radio-patrimoine.fr/broadcast/66700-Focus-sur-le-150-0-B-TER Understanding the Article 150-0 B ter Tax Regime

The tax regime set out in Article 150-0 B ter of the French General Tax Code allows, under certain conditions, a capital gains tax deferral following the sale of shares, provided that the proceeds are reinvested through a holding company.

This mechanism serves two key objectives:

• Enabling business owners to structure the transfer and reinvestment of their wealth

• Encouraging reinvestment in the real economy, particularly through private and non-listed assets

It is therefore part of a long-term wealth management approach, combining tax efficiency, investment strategy, and economic impact.

A Closely Monitored Regime Ahead of the 2026 Finance Act

While Article 150-0 B ter remains fully applicable today, it is regularly the subject of policy discussions.The 2026 Finance Act could potentially revise several aspects of the regime, including:

• Reinvestment requirements

• Investment timelines

• Eligibility of certain asset classes, including private market investments

This outlook reinforces the importance for professionals to anticipate and master the current framework while it remains in force.

Turning a Business Sale Into a Sustainable Investment Strategy

In an interview with Radio Patrimoine, Yann Charrère, Deputy CEO of AirFund, explains how Article 150-0 B ter can be leveraged to:

• Structure the proceeds of a business sale efficiently

• Defer capital gains taxation

• Allocate capital toward private equity, private debt, and other alternative investments

• Build a long-term, performance-driven wealth strategy

This perspective highlights that Article 150-0 B ter is not merely a tax mechanism, but a strategic wealth planning tool when used within a well-structured and compliant framework.