2026 Budget Bill: Asset Adjustments That Will Have a Significant Impact in Practice

Less visible than the major announcements, the technical provisions of the 2026 budget bill are fundamentally reshaping certain aspects of wealth management. Asset contributions and disposals, the Dutreil scheme, and management packages: the balance is shifting subtly.
 

Income Tax and Pensions: A Commitment to Continuity
The income tax brackets will be adjusted upward by 0.9% to mitigate the effects of inflation. The 10% tax deduction on retirement pensions will remain in place, thereby ruling out any challenge to this politically sensitive measure.
 

Contribution-Sale and Dutreil: Tighter Requirements
The contribution-sale scheme is undergoing significant changes. The required reinvestment rate is increasing from 60% to 70%, with the timeframe extended from two to three years. This is a way to further anchor these transactions in a real economic context.
The Dutreil scheme is also being tightened. The individual commitment period for holding assets has been extended to six years, while certain assets that are not strictly operational are excluded from the basis for the partial exemption.
 

Management packages: welcome clarification
Finally, the text provides clarification on the management package regime established in 2025. The tax consequences of a gift or contribution of securities are now better defined, reducing legal uncertainty for the executives concerned.
 

Taken together, these adjustments form a coherent approach: to refocus heritage programs on their economic purpose, while gradually limiting uses deemed too focused on heritage.