« Apport-Cession » article 150-0 B ter: 2026, the right time to invest in our OneRagtime Rhapsody III and OneRagtime Paragon Funds
Perspectives — March 2026
The French Finance Law 2026 redefines the tax framework of the « apport-cession » scheme set forth under article 150-0 B ter of the French General Tax Code (Code Général des Impôts — CGI). While this regime remains one of the most powerful tools available for deferring capital gains tax on the sale of shares, its updated Its updated eligibility conditions further strengthen the case for investing in private equity funds such as ours.
Mechanism Overview: Article 150-0 B ter allows taxpayers to defer capital gains tax arising from the disposal of shares, provided that the transferor has previously contributed their securities to a holding company incorporated less than three years prior, and subsequently reinvested the capital gain proceeds into eligible assets.
Key changes introduced by the French Finance Law 2026
The French Finance Law 2026 introduces three significant amendments to the scheme:
- Increase in the minimum reinvestment threshold: The minimum amount required to be reinvested rises from 60% to 70% of the capital gain,
- Extension of the reinvestment period: Investors now benefit from 3 years (up from 2 years) to complete their reinvestment, providing greater flexibility in the selection of investment opportunities.
- Restriction of eligible assets: The French Finance Law 2026 explicitly excludes non-productive or purely wealth-management investments from the scope of eligible assets, including financial placements, passive management of personal movable assets, property development activities carried out for sale or rental purposes, and real estate activities generally.
Practical Implications
These legislative developments reflect a clear policy intent: to concentrate the benefit of tax deferral on investments that generate real economic value. Passive financial placements are no longer eligible; the focus is firmly on innovative projects, high-growth companies, and venture capital.
In this new regulatory environment, the selection of the appropriate investment vehicle becomes a critical consideration.
Why Invest in Our OneRagtime Rhapsody III and OneRagtime Paragon Funds?
Our private equity funds remain fully eligible under the updated Article 150-0 B ter framework and are perfectly aligned with the legislative intent: financing innovative, high-growth companies.
By investing through OneRagtime, you benefit from:
- A secured capital gains tax deferral on your disposal proceeds
- Access to a diversified portfolio of European early-stage and growth-stage startups
- A dedicated team to assist you in structuring your investment
- Funds fully compliant with the new requirements of the new article 150-0 B ter framework
These developments demonstrate, now more than ever, that our funds remain a powerful driver of growth and value creation, both for your personal wealth and for the productive economy.
Feel free to contact our Investors team for a personalised presentation of our funds eligible under the new Article 150-0 B ter framework: investors@oneragtime.com
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Disclaimers :
(1) Past performance is not indicative of future results.
(2) Prior to making any investment, prospective investors are advised to review the legal and commercial documentation relating to the funds and/or club deals. Investors are in particular invited to carefully read the risk factors described therein.
(3) Investments in unlisted assets, including venture capital investments, involve a risk of total or partial loss of the capital invested.
(4) Investments in unlisted companies, such as venture capital investments, may prove difficult or impossible to dispose of, given their highly illiquid nature.
