You've just sold your business. You have a lot of capital to invest. You hear about the "150-0 B ter". And then a question pops into everyone's head: how do you intelligently "clean up" your 150-0 B ter?
Here's what you need to know to structure your replacement intelligently - and sustainably.
1. What is 150-0 B ter again?
This is a highly effective tax mechanism:
When you sell your company, you can defer taxation on the capital gain if you reinvest in a business activity within 24 months.
This reinvestment must be made via a company subject to corporation tax, to which you contribute all or part of the proceeds.
The aim? To promote re-use in the real economy.
2. Why do we talk about "cleaning" a 150?
Because not all re-uses are created equal.
And some set-ups expose you to severe tax requalifications.
Cleaning up your 150 means :
- avoid passive investments (SCPI, crypto, listed shares alone)
- demonstrate genuine business activity
- avoid confusion between optimization and abuse of rights
3. What Bercy is watching closely
- Real activity: your company must buy and resell, produce, or provide a service, not just "place".
- Human and technical resources: you need a structure, not an empty shell.
- Entrepreneurial risk: no "guaranteed capital".
- Intention: the administration looks to see if you really wanted to create value... or just save time.
4. Solutions to avoid
❌ Create a holding company that only lends or holds wealth
❌ Reinvest in a SCI or passive company
❌ Buy an already depreciated or dormant business to tick the boxes
❌ Invest in structured products or funds without substance
5. Best practices for "clean" reuse
✅ Set up a trading company with a real, operated business
✅ Surround yourself with a chartered accountant + tax lawyer
✅ Prepare clear documentation (business plan, accounts, contracts, etc.)
✅ If necessary, request a rescrit from the tax authorities
✅ Keep impeccable accounts from day one
✅ Structure your investment with a long-term vision
Photo : Jeremy Sallee