Application, income, resale, costs
As with any property investment, investors should make sure that investing in the CORUM SCPI is suitable to their financial position and investment objectives. Prior to any investment, you should read the information documents, in particular those related to the costs and risks of an SCPI investment.
What are the costs?
Costs related to the management company
It is intended to cover the costs inherent in the purchase of any real estate asset and it is included in the subscription price of each share.
It is equal to 11.96% (including taxes) of the purchase price of an SCPI share.
This is the fee received by the management company. It is equal to 13.20% (including taxes) of any property income received and net financial income.
This fee of €240 (including taxes), applies to all sales, direct transfers, and transfers made without valuable consideration (gifts/inheritance), regardless of the number of shares concerned. This is a processing fee to be paid by the seller, donor or beneficiary.
Fee on property capital gains
If a capital gain is realised, the management company receives a fee on the day of signing of the final deed. This fee amounts to:
1% (including taxes) of the net selling price if it is less than €5m;
0.75% (including taxes) of the net selling price if it is greater than or equal to €5m.
Fee for supervision and monitoring of major works to the properties
In case of works resulting in an extension of rental floor area, a fee for supervision and monitoring of works to the properties is received by the management company. Such fee is equal to 1% (excluding taxes) of the amount of works recorded as fixed assets (excluding taxes) and is gradually received as these works are recognised.
Tax treatment of income from the SCPI
As in the case of a directly held property investment, the income generated by SCPIs is subject to taxation. As a shareholder, your tax liability is in proportion to your holding in the CORUM SCPI and depends on the nature of the income from the SCPI:
rental income. Rental income represents the bulk of the SCPI's income. It is subject to income tax under the "rental income" section. Income generated abroad is subject to taxation in the relevant countries. It is declared in France and may be deducted from French tax liability in order to avoid double taxation;
financial income. This is the income from the investment of available cash and it is subject to income tax under the "investment income" category.
Each year, we send you a clear, explanatory note to help you file your tax return.