{"id":24492,"date":"2024-04-15T08:54:59","date_gmt":"2024-04-15T07:54:59","guid":{"rendered":"https:\/\/www.fbt-avocats.ch\/dispositif-dutreil-et-tresorerie-excedentaire-la-jurisprudence-semble-saffiner-pour-lappreciation-de-lactivite-principale\/"},"modified":"2025-10-20T11:10:20","modified_gmt":"2025-10-20T10:10:20","slug":"dispositif-dutreil-et-tresorerie-excedentaire-la-jurisprudence-semble-saffiner-pour-lappreciation-de-lactivite-principale","status":"publish","type":"post","link":"https:\/\/staging.fbt-avocats.ch\/en\/dispositif-dutreil-et-tresorerie-excedentaire-la-jurisprudence-semble-saffiner-pour-lappreciation-de-lactivite-principale\/","title":{"rendered":"Dispositif Dutreil et tr\u00e9sorerie exc\u00e9dentaire : la jurisprudence semble s\u2019affiner pour l\u2019appr\u00e9ciation de l\u2019activit\u00e9 principale"},"content":{"rendered":"<div  class='avia-slideshow av-lpqtcuam-76906b30aa535219bbd7e5abbadb45f0 avia-slideshow-featured_large av_slideshow avia-slide-slider  avia-builder-el-0  el_before_av_one_full  avia-builder-el-first  av-slideshow-ui av-control-default av-slideshow-manual av-loop-once av-loop-manual-endless av-default-height-applied avia-slideshow-1' data-slideshow-options=\"{&quot;animation&quot;:&quot;slide&quot;,&quot;autoplay&quot;:false,&quot;loop_autoplay&quot;:&quot;once&quot;,&quot;interval&quot;:5,&quot;loop_manual&quot;:&quot;manual-endless&quot;,&quot;autoplay_stopper&quot;:false,&quot;noNavigation&quot;:false,&quot;bg_slider&quot;:false,&quot;keep_padding&quot;:false,&quot;hoverpause&quot;:false,&quot;show_slide_delay&quot;:0}\"  itemprop=\"image\" itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/ImageObject\" ><ul class='avia-slideshow-inner ' style='padding-bottom: 42%;'><li  class='avia-slideshow-slide av-lpqtcuam-76906b30aa535219bbd7e5abbadb45f0__0  av-single-slide slide-1 slide-odd'><div data-rel='slideshow-1' class='avia-slide-wrap '   ><img fetchpriority=\"high\" class=\"wp-image-24798 avia-img-lazy-loading-not-24798\"  src='https:\/\/staging.fbt-avocats.ch\/wp-content\/uploads\/2024\/04\/Slider-FR-1500x630.png' width='1500' height='630' title='Slider FR' alt=''  itemprop=\"thumbnailUrl\"   \/><\/div><\/li><\/ul><\/div>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-6hs9cd-aa7fd7160a86b43089fe650ca2464333\">\n.flex_column.av-6hs9cd-aa7fd7160a86b43089fe650ca2464333{\nborder-radius:0px 0px 0px 0px;\npadding:0px 0px 0px 0px;\n}\n<\/style>\n<div  class='flex_column av-6hs9cd-aa7fd7160a86b43089fe650ca2464333 av_one_full  avia-builder-el-1  el_after_av_slideshow  el_before_av_hr  first flex_column_div av-zero-column-padding  '     ><p>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-lvuwfu5e-04604355beffa3e028176b4a3f8d6467\">\n#top .av-special-heading.av-lvuwfu5e-04604355beffa3e028176b4a3f8d6467{\npadding-bottom:10px;\nfont-size:26px;\n}\nbody .av-special-heading.av-lvuwfu5e-04604355beffa3e028176b4a3f8d6467 .av-special-heading-tag .heading-char{\nfont-size:25px;\n}\n#top #wrap_all .av-special-heading.av-lvuwfu5e-04604355beffa3e028176b4a3f8d6467 .av-special-heading-tag{\nfont-size:26px;\n}\n.av-special-heading.av-lvuwfu5e-04604355beffa3e028176b4a3f8d6467 .av-subheading{\nfont-size:15px;\n}\n\n@media only screen and (min-width: 480px) and (max-width: 767px){ \n#top #wrap_all .av-special-heading.av-lvuwfu5e-04604355beffa3e028176b4a3f8d6467 .av-special-heading-tag{\nfont-size:0.8em;\n}\n}\n\n@media only screen and (max-width: 479px){ \n#top #wrap_all .av-special-heading.av-lvuwfu5e-04604355beffa3e028176b4a3f8d6467 .av-special-heading-tag{\nfont-size:0.8em;\n}\n}\n<\/style>\n<div  class='av-special-heading av-lvuwfu5e-04604355beffa3e028176b4a3f8d6467 av-special-heading-h1 blockquote modern-quote  avia-builder-el-2  el_before_av_hr  avia-builder-el-first  av-inherit-size'><h1 class='av-special-heading-tag '  itemprop=\"headline\"  >Dispositif Dutreil et tr\u00e9sorerie exc\u00e9dentaire : la jurisprudence semble s\u2019affiner pour l\u2019appr\u00e9ciation de l\u2019activit\u00e9 principale<\/h1><div class='av-subheading av-subheading_below'><p>Lexbase fiscal n\u00b0979 \u2013 11 avril 2024<br \/>\nJ\u00e9r\u00f4me Bissardon<\/p>\n<\/div><div class=\"special-heading-border\"><div class=\"special-heading-inner-border\"><\/div><\/div><\/div><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-lpqthvln-edf60761fad835755560d987abf79923\">\n#top .hr.hr-invisible.av-lpqthvln-edf60761fad835755560d987abf79923{\nheight:30px;\n}\n<\/style>\n<div  class='hr av-lpqthvln-edf60761fad835755560d987abf79923 hr-invisible  avia-builder-el-3  el_after_av_heading  el_before_av_button '><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n<div  class='avia-button-wrap av-jo5hs5ts-8596a1a5a3eab6619ef330863042dd7b-wrap avia-button-left  avia-builder-el-4  el_after_av_hr  el_before_av_hr '>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-jo5hs5ts-8596a1a5a3eab6619ef330863042dd7b\">\n#top #wrap_all .avia-button.av-jo5hs5ts-8596a1a5a3eab6619ef330863042dd7b{\nbackground-color:#44525f;\nborder-color:#44525f;\ncolor:#ffffff;\ntransition:all 0.4s ease-in-out;\n}\n#top #wrap_all .avia-button.av-jo5hs5ts-8596a1a5a3eab6619ef330863042dd7b .avia-svg-icon svg:first-child{\nfill:#ffffff;\nstroke:#ffffff;\n}\n<\/style>\n<a href='https:\/\/staging.fbt-avocats.ch\/wp-content\/uploads\/2024\/04\/Dispositif-Dutreil-et-tr\u00e9sorerie-exc\u00e9dentaire-_-la-jurisprudence-semble-s\u2019affiner-pour-l\u2019appr\u00e9ciation-de-l\u2019activit\u00e9-principale-_-Lexbase.pdf'  class='avia-button av-jo5hs5ts-8596a1a5a3eab6619ef330863042dd7b av-link-btn avia-icon_select-no avia-size-large avia-position-left'  target=\"_blank\"  rel=\"noopener noreferrer\"  aria-label=\"T\u00e9l\u00e9charger en PDF\"><span class='avia_iconbox_title' >T\u00e9l\u00e9charger en PDF<\/span><\/a><\/div><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-4rtof1-6cb168409d4b952e81360eb2f8cb23b0\">\n#top .hr.hr-invisible.av-4rtof1-6cb168409d4b952e81360eb2f8cb23b0{\nheight:20px;\n}\n<\/style>\n<div  class='hr av-4rtof1-6cb168409d4b952e81360eb2f8cb23b0 hr-invisible  avia-builder-el-5  el_after_av_button  el_before_av_textblock '><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n<section  class='av_textblock_section av-jo5hremo-8df0535b4b08dc00af18df224af1af03 '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><div data-canvas-width=\"431.1431666666666\">\n<div class=\"textLayer\">\n<div data-canvas-width=\"318.9300803304\">\n<p><strong>La Cour de cassation, dans un arr\u00eat du 13 mars 2024, rappelle que la pr\u00e9pond\u00e9rance de l\u2019activit\u00e9 s\u2019appr\u00e9cie en consid\u00e9ration d\u2019un faisceau d\u2019indices d\u00e9termin\u00e9s d\u2019apr\u00e8s la nature de l\u2019activit\u00e9 et les conditions de son exercice, en mati\u00e8re d\u2019exon\u00e9ration \u00ab Dutreil-ISF \u00bb. \u00c0 cet \u00e9gard, elle reproche notamment \u00e0 la cour d\u2019appel de ne pas avoir recherch\u00e9 si les liquidit\u00e9s et titres de placement d\u00e9tenus par la soci\u00e9t\u00e9 <span style=\"text-decoration: underline;\">d\u00e9coulaient de son activit\u00e9 sociale<\/span>.<\/strong><\/p>\n<\/div>\n<\/div>\n<p>\u00c0 titre liminaire, rappelons qu\u2019en mati\u00e8re d\u2019ISF, l\u2019article 885 I bis du Code g\u00e9n\u00e9ral des imp\u00f4ts <a href=\"https:\/\/www.lexbase.fr\/index\/source\/37236885-885-i-bis\" target=\"_blank\" rel=\"noopener\"><span style=\"color: #ff0000;\">N\u00b0 Lexbase : L3205LCP<\/span><\/a> exon\u00e9rait d&#8217;ISF, \u00e0 hauteur des trois quarts de leur valeur, les parts ou actions de soci\u00e9t\u00e9s faisant l&#8217;objet d&#8217;un engagement collectif de conservation dans le respect de certaines conditions.<\/p>\n<p>L\u2019ISF ayant \u00e9t\u00e9 abrog\u00e9 \u00e0 compter du 1er janvier 2018, la solution m\u00e9rite d\u2019\u00eatre analys\u00e9e en vue d\u2019en tirer d\u2019\u00e9ventuels enseignements pour les transmissions \u00e0 titre gratuit d\u2019actions et de parts de soci\u00e9t\u00e9s, b\u00e9n\u00e9ficiant du dispositif <strong>\u00ab Dutreil-transmission \u00bb<\/strong>, exon\u00e9rant de droits de donation et de succession \u00e0 concurrence des trois quarts de leur valeur, dans le respect de certaines conditions (CGI, art. 787 B <a href=\"https:\/\/www.lexbase.fr\/index\/source\/106118774-787-b\" target=\"_blank\" rel=\"noopener\"><span style=\"color: #ff0000;\">N\u00b0 Lexbase : L0727MLI<\/span><\/a>).<\/p>\n<\/div>\n<div data-canvas-width=\"431.1431666666666\">\n<div class=\"textLayer\">\n<div data-canvas-width=\"318.9300803304\"><\/div>\n<\/div>\n<\/div>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-1xysyqm-edc80a8fcdd1f26806ac214e9300c5c6\">\n#top .av-special-heading.av-1xysyqm-edc80a8fcdd1f26806ac214e9300c5c6{\npadding-bottom:10px;\n}\nbody .av-special-heading.av-1xysyqm-edc80a8fcdd1f26806ac214e9300c5c6 .av-special-heading-tag .heading-char{\nfont-size:25px;\n}\n.av-special-heading.av-1xysyqm-edc80a8fcdd1f26806ac214e9300c5c6 .av-subheading{\nfont-size:15px;\n}\n<\/style>\n<div  class='av-special-heading av-1xysyqm-edc80a8fcdd1f26806ac214e9300c5c6 av-special-heading-h2 blockquote modern-quote  avia-builder-el-7  el_after_av_textblock  el_before_av_textblock '><h2 class='av-special-heading-tag '  itemprop=\"headline\"  >I. L\u2019expos\u00e9 du litige et de la proc\u00e9dure<\/h2><div class=\"special-heading-border\"><div class=\"special-heading-inner-border\"><\/div><\/div><\/div><br \/>\n<section  class='av_textblock_section av-jo5hremo-8df0535b4b08dc00af18df224af1af03 '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><div data-canvas-width=\"431.1431666666666\">\n<div class=\"textLayer\">\n<div data-canvas-width=\"318.9300803304\">\n<p>La soci\u00e9t\u00e9 \u00ab Parasol production \u00bb est une soci\u00e9t\u00e9 qui exerce une activit\u00e9 dans le domaine de l\u2019audiovisuel. \u00c0 ce titre, elle r\u00e9alise des prestations de services de nature immat\u00e9rielle n\u00e9cessitant peu de mat\u00e9riel. Elle dispose \u00e0 son actif de liquidit\u00e9s, des valeurs mobili\u00e8res de placement, des participations dans des soci\u00e9t\u00e9s de production d\u2019\u00e9nergie renouvelable et des cr\u00e9ances sur ces participations, le tout provenant de b\u00e9n\u00e9fices non distribu\u00e9s et repr\u00e9sentant environ 80% de son actif r\u00e9\u00e9valu\u00e9 entre 2010 et 2014. Son chiffre d\u2019affaires procur\u00e9 par l\u2019activit\u00e9 commerciale repr\u00e9sente moins de 50 % de son chiffre d\u2019affaires total au titre de ces ann\u00e9es.<\/p>\n<p>Un engagement collectif de conservation de six ans est pris dans le cadre d\u2019un \u00ab pacte Dutreil \u00bb conclu le 5 d\u00e9cembre 2003 et enregistr\u00e9 aupr\u00e8s de l\u2019administration fiscale le 17 d\u00e9cembre 2003, sur les titres de cette soci\u00e9t\u00e9, repr\u00e9sentant 94,84 % de son capital.<\/p>\n<p>Le contribuable a revendiqu\u00e9 l\u2019exon\u00e9ration partielle notamment au 1er janvier de chaque ann\u00e9e de 2011 \u00e0 2015, soit apr\u00e8s la p\u00e9riode d\u2019engagement collectif de conservation de six ans, \u00e9tant pr\u00e9cis\u00e9e que l\u2019exon\u00e9ration partielle reste applicable apr\u00e8s l\u2019expiration de l\u2019engagement collectif, \u00ab \u00e0 la condition que les parts ou actions restent la propri\u00e9t\u00e9 du redevable \u00bb (CGI, art. 885 I bis, c.).<\/p>\n<p>L\u2019administration fiscale a notifi\u00e9 au contribuable des propositions de rectification portant rappel d\u2019ISF pour les ann\u00e9es 2011 \u00e0 2015 et de contribution exceptionnelle sur la fortune au titre de 2012. Elle remet en cause l\u2019exon\u00e9ration partielle de 75 % de la valeur des actions de la soci\u00e9t\u00e9 \u00ab Parasol production \u00bb au motif que cette soci\u00e9t\u00e9 exercerait \u00e0 titre principal une activit\u00e9 civile, non \u00e9ligible au dispositif\u00ab Dutreil-ISF \u00bb.<\/p>\n<p>Un avis de mise en recouvrement est \u00e9mis le 15 d\u00e9cembre 2017, suivi d\u2019une r\u00e9clamation contentieuse adress\u00e9e le 16 f\u00e9vrier 2018.<\/p>\n<p>La r\u00e9clamation contentieuse du contribuable ayant fait l\u2019objet d\u2019un rejet implicite, il a donc assign\u00e9 l\u2019administration fiscale devant le tribunal de grande instance de Paris, le 13 septembre 2018.<\/p>\n<p>Par un jugement du 30 octobre 2020 (TJ de Paris, RG n\u00b0 18\/11902), le tribunal judiciaire de Paris a d\u00e9bout\u00e9 le contribuable de ses demandes, lequel a form\u00e9 un appel devant la cour d\u2019appel de Paris, lui demandant d\u2019infirmer le jugement rendu par le tribunal judiciaire.<\/p>\n<p>Devant la cour d\u2019appel, le contribuable soutient que \u00ab [\u2026] la condition d\u2019activit\u00e9 commerciale \u00e9ligible n\u2019est impos\u00e9e que durant la seule p\u00e9riode d\u2019engagement collectif de conservation. Il ajoute qu\u2019\u00e0 l\u2019issue de cette p\u00e9riode, l\u2019exon\u00e9ration partielle de l\u2019ISF ne s\u2019applique qu\u2019\u00e0 la seule condition que les titres en question soient conserv\u00e9s par le contribuable. Il souligne qu\u2019au cas pr\u00e9sent, la condition d\u2019activit\u00e9 \u00e9ligible \u00e9tait remplie depuis la conclusion du pacte Dutreil en 2003 jusqu\u2019\u00e0 la fin de la p\u00e9riode d\u2019engagement collectif de conservation en2009 [\u2026] \u00bb<\/p>\n<p>Il soutient \u00e0 titre subsidiaire que la soci\u00e9t\u00e9 exer\u00e7ait principalement une activit\u00e9 commerciale et \u00ab que la pr\u00e9pond\u00e9rance de l\u2019activit\u00e9 doit s\u2019appr\u00e9cier en consid\u00e9ration d\u2019un faisceau d\u2019indices. Il pr\u00e9cise que la r\u00e9alisation de prestations de services dans le domaine de l\u2019audiovisuel constitue la seule activit\u00e9 de la soci\u00e9t\u00e9, le contribuable ayant simplement plac\u00e9 aupr\u00e8s de divers \u00e9tablissements financiers les b\u00e9n\u00e9fices non distribu\u00e9s issus de cette activit\u00e9. \u00c0 ce titre, il fait valoir que la composition du chiffre d\u2019affaires, le temps consacr\u00e9 aux activit\u00e9s ainsi que l\u2019expertise de la soci\u00e9t\u00e9 seraient des indices suffisants. Il souligne, qu\u2019au cas pr\u00e9sent, l\u2019appr\u00e9ciation de la condition d\u2019activit\u00e9 sur la base d\u2019un crit\u00e8re de bilan n\u2019est pas appropri\u00e9e en ce que l\u2019exercice de l\u2019activit\u00e9 de la soci\u00e9t\u00e9 n\u00e9cessite peu de moyens mat\u00e9riels \u00bb.<\/p>\n<p>Par un arr\u00eat du 14 mars 2022 (CA Paris, 14 mars 2022, n\u00b0 20\/16924 <a href=\"https:\/\/www.lexbase.fr\/index\/source\/82406371-ca-paris-5-10-14032022-n-2016924-confirmation\" target=\"_blank\" rel=\"noopener\"><span style=\"color: #339966;\">N\u00b0 Lexbase : A44997QP<\/span><\/a>), la cour d\u2019appel souligne que \u00ab [\u2026] la soci\u00e9t\u00e9 Parasol Production consacre une partie de ses moyens \u00e0 des op\u00e9rations de placement, et exerce en cela une activit\u00e9 de gestion de son patrimoine, par nature civile ; qu\u2019il en r\u00e9sulte que la soci\u00e9t\u00e9 Parasol Production exerce \u00e0 la fois une activit\u00e9 commerciale et une activit\u00e9 civile [\u2026] \u00bb. Elle estime que le contribuable ne rapporte pas la preuve \u00ab [\u2026] que les actifs affect\u00e9s \u00e0 l\u2019activit\u00e9 commerciale repr\u00e9senteraient plus de 50 % de son actif brut [\u2026] \u00bb et rel\u00e8ve que \u00ab [\u2026] Le chiffre d\u2019affaires procur\u00e9 par l\u2019activit\u00e9 commerciale est inf\u00e9rieur \u00e0 50% du montant du chiffre d\u2019affaires total pour chacune des ann\u00e9es consid\u00e9r\u00e9es [\u2026] \u00bb. Le jugement du tribunal judiciaire de Paris est donc confirm\u00e9.<\/p>\n<p>Le contribuable a form\u00e9 un pourvoi contre l\u2019arr\u00eat de la cour d\u2019appel dans ce litige l\u2019opposant \u00e0 l\u2019administration fiscale.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div data-canvas-width=\"431.1431666666666\">\n<div class=\"textLayer\">\n<div data-canvas-width=\"318.9300803304\"><\/div>\n<\/div>\n<\/div>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-6bx99a-575d2e7dffa2db2b475eb4b9b7571d8a\">\n#top .av-special-heading.av-6bx99a-575d2e7dffa2db2b475eb4b9b7571d8a{\npadding-bottom:10px;\n}\nbody .av-special-heading.av-6bx99a-575d2e7dffa2db2b475eb4b9b7571d8a .av-special-heading-tag .heading-char{\nfont-size:25px;\n}\n.av-special-heading.av-6bx99a-575d2e7dffa2db2b475eb4b9b7571d8a .av-subheading{\nfont-size:15px;\n}\n<\/style>\n<div  class='av-special-heading av-6bx99a-575d2e7dffa2db2b475eb4b9b7571d8a av-special-heading-h2 blockquote modern-quote  avia-builder-el-9  el_after_av_textblock  el_before_av_textblock '><h2 class='av-special-heading-tag '  itemprop=\"headline\"  >II. La motivation de l\u2019arr\u00eat du Conseil d\u2019\u00c9tat<\/h2><div class=\"special-heading-border\"><div class=\"special-heading-inner-border\"><\/div><\/div><\/div><br \/>\n<section  class='av_textblock_section av-jo5hremo-8df0535b4b08dc00af18df224af1af03 '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><div data-canvas-width=\"431.1431666666666\">\n<div class=\"textLayer\">\n<div data-canvas-width=\"318.9300803304\">\n<p>La Cour de cassation confirme en premier lieu l\u2019analyse de la cour d\u2019appel concernant la p\u00e9riode d\u2019appr\u00e9ciation de l\u2019\u00e9ligibilit\u00e9 des titres au dispositif, la soci\u00e9t\u00e9 devant exercer une activit\u00e9 \u00e9ligible durant la p\u00e9riode d\u2019engagement collectif d\u2019une dur\u00e9e minimale de deux ans et post\u00e9rieurement, au 1er janvier de chaque ann\u00e9e.<\/p>\n<p>Elle souligne ensuite \u00ab que ce r\u00e9gime de faveur peut \u00e9galement s\u2019appliquer aux parts ou actions de soci\u00e9t\u00e9s qui, ayant pour partie une activit\u00e9 civile autre qu\u2019agricole ou lib\u00e9rale, exercent principalement une activit\u00e9 industrielle, commerciale, artisanale, agricole ou lib\u00e9rale, <span style=\"text-decoration: underline;\">cette pr\u00e9pond\u00e9rance s\u2019appr\u00e9ciant en consid\u00e9ration d\u2019un faisceau d\u2019indices d\u00e9termin\u00e9s d\u2019apr\u00e8s la nature de l\u2019activit\u00e9 et les conditions de son exercice<\/span>\u00bb.<\/p>\n<p>La Cour de cassation retient que la cour d\u2019appel n\u2019a pas examin\u00e9 \u00ab[\u2026] l\u2019ensemble des indices dont se pr\u00e9valait le contribuable pour d\u00e9montrer le caract\u00e8re principalement commercial de la soci\u00e9t\u00e9, en particulier les \u00e9l\u00e9ments relatifs \u00e0 la nature de l\u2019activit\u00e9 exerc\u00e9e et les conditions de son exercice, et sans rechercher, comme elle y \u00e9tait invit\u00e9e, si les liquidit\u00e9s et titres de placement inscrits au bilan de la soci\u00e9t\u00e9 Parasol production constituaient des actifs dont l\u2019acquisition d\u00e9coulait de son activit\u00e9 sociale [\u2026]\u00bb.<\/p>\n<p>La Cour de cassation casse l\u2019arr\u00eat de la cour d\u2019appel en toutes ses dispositions et renvoie l\u2019affaire devant la cour d\u2019appel de Paris, autrement compos\u00e9e.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div data-canvas-width=\"431.1431666666666\">\n<div class=\"textLayer\">\n<div data-canvas-width=\"318.9300803304\"><\/div>\n<\/div>\n<\/div>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-1780we6-203aec487d32c22b0cb588310f90a5cc\">\n#top .av-special-heading.av-1780we6-203aec487d32c22b0cb588310f90a5cc{\npadding-bottom:10px;\n}\nbody .av-special-heading.av-1780we6-203aec487d32c22b0cb588310f90a5cc .av-special-heading-tag .heading-char{\nfont-size:25px;\n}\n.av-special-heading.av-1780we6-203aec487d32c22b0cb588310f90a5cc .av-subheading{\nfont-size:15px;\n}\n<\/style>\n<div  class='av-special-heading av-1780we6-203aec487d32c22b0cb588310f90a5cc av-special-heading-h2 blockquote modern-quote  avia-builder-el-11  el_after_av_textblock  el_before_av_textblock '><h2 class='av-special-heading-tag '  itemprop=\"headline\"  >III. La port\u00e9e de cet arr\u00eat : quelles perspectives ?<\/h2><div class=\"special-heading-border\"><div class=\"special-heading-inner-border\"><\/div><\/div><\/div><br \/>\n<section  class='av_textblock_section av-jo5hremo-8df0535b4b08dc00af18df224af1af03 '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><div data-canvas-width=\"431.1431666666666\">\n<div class=\"textLayer\">\n<div data-canvas-width=\"318.9300803304\">\n<p>Retenons en premier lieu que la Cour de cassation semble conf\u00e9rer \u00e0 cet arr\u00eat une certaine importance en le publiant au bulletin.<\/p>\n<p>L\u2019appr\u00e9ciation de la pr\u00e9pond\u00e9rance de l\u2019activit\u00e9 \u00e9ligible est r\u00e9alis\u00e9e en consid\u00e9ration d\u2019un faisceau d\u2019indices d\u00e9termin\u00e9s d\u2019apr\u00e8s la nature de l\u2019activit\u00e9 et les conditions de son exercice, selon une jurisprudence bien \u00e9tablie \u00e0 pr\u00e9sent pour l\u2019application du dispositif \u00ab Dutreil-transmission \u00bb :<\/p>\n<ul>\n<li>Cass. com., 11 octobre 2023, n\u00b0 21-24.761, F-D <a href=\"https:\/\/www.lexbase.fr\/index\/source\/100549945-cass-com-11102023-n-2124761-fd-rejet\" target=\"_blank\" rel=\"noopener\"><span style=\"color: #339966;\">N\u00b0 Lexbase : A95331LN<\/span><\/a> ;<\/li>\n<li>Cass. com., 25 janvier 2023, n\u00b0 20-23.137, F-D <a href=\"https:\/\/www.lexbase.fr\/index\/source\/92746013-cass-com-25012023-n-2023137-fd-cassation\" target=\"_blank\" rel=\"noopener\"><span style=\"color: #339966;\">N\u00b0 Lexbase : A44009A9<\/span><\/a> ;<\/li>\n<li>CE 3\u00b0 et 8\u00b0 ch.-r., 23 janvier 2020, n\u00b0 435562, mentionn\u00e9 aux tables du recueil Lebon <a href=\"https:\/\/www.lexbase.fr\/index\/source\/56316447-ce-38-chr-23012020-n-435562-mentionne-aux-tables-du-recueil-lebon\" target=\"_blank\" rel=\"noopener\"><span style=\"color: #339966;\">N\u00b0 Lexbase : A56683CW<\/span><\/a> : <strong>lire en ce sens,<\/strong> les conclusions du Rapporteur public, R. Victor, Lexbase Fiscal, f\u00e9vrier 2020, n\u00b0 812 <a href=\"https:\/\/www.lexbase.fr\/article-juridique\/56420444-conclusions-pacte-dutreil-le-conseil-detat-annule-la-doctrine-administrative-fixant-les-criteres-dap\" target=\"_blank\" rel=\"noopener\"><span style=\"color: #ff0000;\">N\u00b0 Lexbase : N2102BYI<\/span><\/a> ;<\/li>\n<li>Cass. com., 14 octobre 2020, n\u00b0 18-17.955, FS-P+B <a href=\"https:\/\/www.lexbase.fr\/index\/source\/60959439-cass-com-14102020-n-1817955-fsp-b-cassation\" target=\"_blank\" rel=\"noopener\"><span style=\"color: #339966;\">N\u00b0 Lexbase : A95613XE<\/span><\/a> : <strong>lire en ce sens,<\/strong> O. Sube, \u00c9ligibilit\u00e9 des titres d\u2019une holding mixte \u00e0 un \u00ab Pacte Dutreil \u00bb , Lexbase Fiscal, d\u00e9cembre 2020, n\u00b0 846 <a href=\"https:\/\/www.lexbase.fr\/article-juridique\/61684838-jurisprudence-eligibilite-des-titres-dune-holding-mixte-a-un-pacte-dutreil-\" target=\"_blank\" rel=\"noopener\"><span style=\"color: #ff0000;\">N\u00b0 Lexbase : N5530BYH<\/span><\/a>.<\/li>\n<\/ul>\n<p>Le l\u00e9gislateur a pris le soin de pr\u00e9ciser d\u00e9sormais que l&#8217;activit\u00e9 op\u00e9rationnelle \u00e9ligible doit \u00eatre exerc\u00e9e \u00ab \u00e0 titre principal \u00bb (art 23 de la loi de finances pour 2024), en phase avec les jurisprudences susvis\u00e9es de la chambre commerciale de la Cour de cassation et du Conseil d\u2019\u00c9tat.<\/p>\n<p>La Cour de cassation n\u2019op\u00e8re pas un revirement de principe \u00e0 raison de la tr\u00e9sorerie exc\u00e9dentaire qui ne d\u00e9coulerait pas directement de l\u2019activit\u00e9 op\u00e9rationnelle \u00e9ligible.<\/p>\n<p><strong>Elle semble toutefois apporter une nuance concernant la tr\u00e9sorerie provenant de b\u00e9n\u00e9fices d\u00e9coulant de l\u2019activit\u00e9 \u00e9ligible, mis en r\u00e9serves et non distribu\u00e9s : elle constituerait un indice \u00e0 prendre en compte dans l\u2019appr\u00e9ciation du caract\u00e8re principal de l\u2019activit\u00e9 de la soci\u00e9t\u00e9, en sus de celle directement affect\u00e9e \u00e0 l\u2019activit\u00e9 \u00e9ligible pour les besoins de son fonds de roulement.<\/strong><\/p>\n<p>Nous pouvons accueillir avec enthousiasme cette solution et serons attentifs \u00e0 la d\u00e9cision de la cour d\u2019appel de Paris appel\u00e9e \u00e0 trancher sur le fond, laquelle devra vraisemblablement appr\u00e9cier l\u2019ensemble des indices pour appr\u00e9cier l\u2019activit\u00e9 principale de la soci\u00e9t\u00e9, parmi lesquels la valeur v\u00e9nale des actifs affect\u00e9s \u00e0 l\u2019activit\u00e9 commerciale.<\/p>\n<p>Rappelons que cet arr\u00eat vise le dispositif \u00ab Dutreil-ISF \u00bb et non pas le dispositif \u00ab Dutreil-transmission \u00bb. Nous serons donc attentifs \u00e0 l\u2019\u00e9volution de la jurisprudence en mati\u00e8re de \u00ab Dutreil-transmission \u00bb qui pourrait \u00e9voluer dans le m\u00eame sens ; sauf interpr\u00e9tation plus restrictive de la chambre commerciale de la Cour de cassation en mati\u00e8re de \u00ab Dutreil-transmission \u00bb en raison de l\u2019ajout par le l\u00e9gislateur, dans le cadre de la loi de finances pour 2024, de l\u2019exclusion pour une soci\u00e9t\u00e9 exer\u00e7ant une activit\u00e9 mixte \u00ab de l\u2019activit\u00e9 de gestion de son propre patrimoine mobilier ou immobilier \u00bb.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div data-canvas-width=\"431.1431666666666\">\n<div class=\"textLayer\">\n<div data-canvas-width=\"318.9300803304\"><\/div>\n<\/div>\n<\/div>\n<\/div><\/section><\/p><\/div>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-lpqthvln-2e2fa36faa97a09467bbe73150a11a71\">\n#top 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class='av-special-heading-tag '  itemprop=\"headline\"  >Partager sur LinkedIn<\/h3><div class=\"special-heading-border\"><div class=\"special-heading-inner-border\"><\/div><\/div><\/div>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-lpqthvln-2e2fa36faa97a09467bbe73150a11a71\">\n#top .hr.hr-invisible.av-lpqthvln-2e2fa36faa97a09467bbe73150a11a71{\nheight:50px;\n}\n<\/style>\n<div  class='hr av-lpqthvln-2e2fa36faa97a09467bbe73150a11a71 hr-invisible  avia-builder-el-16  el_after_av_heading  el_before_av_one_fifth '><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-2il6c92-659475ef011a8f768eb623e80e9b4c1f\">\n.flex_column.av-2il6c92-659475ef011a8f768eb623e80e9b4c1f{\nborder-radius:0px 0px 0px 0px;\npadding:0px 0px 0px 0px;\n}\n<\/style>\n<div  class='flex_column av-2il6c92-659475ef011a8f768eb623e80e9b4c1f av_one_fifth  avia-builder-el-17  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av-zero-column-padding  '     ><\/div>\n","protected":false},"excerpt":{"rendered":"<p>La Cour de cassation, dans un arr\u00eat du 13 mars 2024, rappelle que la pr\u00e9pond\u00e9rance de l\u2019activit\u00e9 s\u2019appr\u00e9cie en consid\u00e9ration d\u2019un faisceau d\u2019indices d\u00e9termin\u00e9s d\u2019apr\u00e8s la nature de l\u2019activit\u00e9 et les conditions de son exercice, en mati\u00e8re d\u2019exon\u00e9ration \u00ab Dutreil-ISF \u00bb. <\/p>\n","protected":false},"author":26,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[52],"tags":[794],"datespeciale":[],"class_list":["post-24492","post","type-post","status-publish","format-standard","hentry","category-en-conferences","tag-lexbase-en","competences-tax","auteurs-jerome-bissardon-en","date-publication-2024-en","diffusion-publications-en"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium 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