Subdivision of ownership

Subdivision of ownership 

Subdivision is possible under French law.

The attributes of ownership may be separated as follows:

  • Usus: right to use the object

  • Fructus: right to collect the fruits of the object

  • Abusus: right to dispose of (sell, destroy) the object.

Usus and fructus constitute: Usufruct.

Abusus constitues Bare ownership

Usufruct may have a fixed duration or be for life (the most common situation). If the beneficiary is a legal entity, usufruct may not last for more than 30 years. 

In tax terms the subdivision of the ownership of real estate assets has numerous consequences.

This document and the information it contains are intended to provide as complete and accurate information as possible. It is however theoretical in nature and must undergo all necessary checking prior to its application. FiscalImmo and its authors cannot in any circumstances be held liable on the basis of this document.