The SCI: An Advantageous Option for Owning Your Primary Residence

Owning your primary residence through an SCI (real estate investment company) offers many advantages, particularly in terms of property management and passing the property on to your heirs. 

In fact, an SCI offers great flexibility in terms of management, allowing the partners to make decisions by majority vote and to delegate day-to-day management to a manager. 

In addition, an SCI facilitates the transfer of real estate assets to heirs by allowing for the regular gifting of shares and enabling the recipient to benefit from tax deductions. An SCI also helps protect a spouse in the event of death by allowing the surviving spouse to acquire full ownership of a portion of the shares.
 

The Family-Owned Real Estate Investment Company: A Solution Tailored to Your Needs
 

An SCI is a flexible legal structure that can be tailored to an individual’s needs and personal circumstances. For example, it is possible to establish a family SCI, which will allow for better management of the distribution of real estate assets within the family. The partners can then determine the terms of the distribution of ownership interests themselves, based on their needs and personal circumstances.
In addition, a family-owned SCI allows for the separation of ownership interests by dividing bare ownership and usufruct, which makes it possible to distribute ownership among family members and protect each person’s interests.
 

Fees and administrative procedures to consider
 

Owning one’s primary residence through an SCI offers numerous advantages, particularly in terms of property management and passing the property on to heirs. A family-owned SCI is a solution particularly well-suited to one’s needs and personal circumstances. However, it is important to consider the costs and administrative procedures involved before moving forward.  In fact, setting up an SCI entails costs, such as registration fees, fees for drafting the articles of incorporation, and publication fees.
 

In addition, managing an SCI involves administrative tasks, such as maintaining financial records, filing annual tax returns, and organizing an annual general meeting. It is therefore recommended that you carefully consider your needs and personal circumstances before setting out to establish an SCI.