Fractional Ownership Taxes in France
December 14, 2007 by Tony · 2 Comments
I have been writing about Fractional Ownership for nearly two years. The idea appeals to me and I believe it is a good and sensible way to have the use of a luxury property. I do not believe it is an investment to give income, nor do I see it as a way of getting into property investment – I consider Fractional Ownership as a luxury product .
I have been worried about the tax implications and have had many discussions with specialists.
One of these is an American lawyer I have gained considerable respect for, Andrew Sirkin, he has just sent me a paper he has written about this and I consider this to be open, well researched and as up-to-date as anything that exists. He has given me permission to share this and you can see it online at…
Fractional Ownership in France
I strongly recommend that anyone interested in Fractional Ownership in France reads this thoroughly and carefully.
If the link from that page takes too long to load – it is a big pdf file – I have put the same article online at Fractional Ownership in France, Taxation Implications it is still a big page of text but should load more easily.
Is there anything on similar countries in countries where this is more advantageous?
Even outside the EU?
I will report on any studies I find on other countries in this blog – From what I have researched so far, France does have tax obligations which countries like the USA and the UK do not have, but I am not sure about |Spain and Italy.
The advantage in France is that with the quality of advice given by Andy Sirkin and the clearly stated legislation (if you look hard enough) you should know where you stand and thers should not be any nasty surprises.
Tony