SCPI Dismemberment: A High-Performance and Tax-Efficient Wealth Strategy
After presenting how SCPI (French real estate investment trusts) work and highlighting key sectors and geographical areas to optimise taxation, let’s focus on an advanced wealth strategy increasingly favoured by sophisticated investors: temporary dismemberment of SCPI shares.
In the context of high-end real estate wealth management, in Paris and internationally, SCPI dismemberment offers an effective way to build capital, prepare for retirement or optimise corporate cash holdings, while controlling taxation.
What Is SCPI Dismemberment?
Dismemberment of ownership involves splitting property rights between two parties:
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The bare owner, who holds ownership rights without receiving income.
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The usufructuary, who enjoys usage rights and receives rental income.
In SCPI dismemberment, this arrangement is temporary, typically lasting between 3 and 20 years, depending on the SCPI and the chosen strategy.
Bare Ownership: An Ideal Solution for Private Investors
By acquiring bare ownership of SCPI shares, private investors benefit from an immediate discount of 15% to 50%, depending on the duration of the dismemberment. During this period, no rental income is received, meaning no additional taxation.
At the end of the dismemberment, full ownership is automatically restored, and the shares begin generating income. This strategy is particularly suited to retirement planning and long-term capital growth.
Usufruct: A Powerful Tool for Corporate Investors
SCPI usufruct is widely used by companies subject to corporate tax. It allows them to generate attractive yields on a reduced investment, while benefiting from tax-efficient amortisation of the usufruct value.
Time: A Key Factor in Wealth Optimisation
Time is the central lever in any SCPI dismemberment strategy. When properly structured, it allows investors to align returns, taxation and long-term objectives.
The advisors at Vaneau Patrimoine support their clients with tailor-made wealth strategies, integrating SCPI dismemberment into a broader vision of premium real estate investment, in Paris and abroad.
Contact one of our advisors who will work with you to establish a personalized strategy based on your goals.
Vaneau Gestion Privée
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