25 NOVEMBER 2016
Tax News: dividing-up of SCI shares: a strictly limited tool! 1/2
Charging of losses on land: the prerogative of the usufructuary or of the bare owner?
In 2016, we have seen a number of decisions concerning the use of dividing up the ownership – which under French law consists of splitting full ownership of an asset into 2 distinct rights: usufruct and bare ownership – of shares in an SCI (société civile immobilière, real estate partnership).
In particular, the Administrative Court of Appeal (“ACA”) of Bordeaux ruled on the setting-off of losses on land (usufructuary or bare owner) realised by splitted SCI in a decision of 15 March 2016*.> Read more ...
- Imputation of land losses: ..... 25/11/2016
- Contribution of temporary usufruct of shares in an SCI... 25/11/2016
- The regime governing property dealers... 22/09/2016
- The Lupa ruling: new tax uncertainty... 26/07/2016
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