TAXES / TAXATION

Tax package for the benefit of agricultural activities

December 20, 2024

The Collectivité is implementing a tax package for all owners of agricultural land from January 1, 2025. This package includes numerous tax advantages.

The agrarian reform began in 2023 with the study on the diagnosis of agricultural land carried out by FN SAFER. This study resulted in the development of five axes which aim to improve the development of the agricultural sector in Saint-Martin and which serve as a guideline for this agrarian reform according to the following recommendations:

• Perpetuate agricultural land

• Legally secure access to land

• Characterize wastelands and remobilize them for agricultural development

• Rely on public property

• Take into account farmers’ non-land concerns

Access to agricultural land and support for farms, through support for aid and financing, have been identified for the development of local agriculture. The following local tax measures will come into force from 1 January 2025:

• TGCA: exemption of agricultural products sold in short supply chains

• Property tax on built properties: exemption from the tax due for buildings for agricultural use

• Property tax on unbuilt properties: exemption

• Real estate capital gains: increase in tax thresholds and applicable deductions

• Transfer rights: partial exemption

For any information relating to these tax advantages, the Collectivité invites owners of agricultural land to contact the tax department: direction-fiscalite@com-saint-martin.fr