As with any property investment, investors should make sure that investing in the CORUM SCPI is suitable to their financial position and investment objectives. The appropriate amount to invest in the CORUM SCPI depends on your personal financial position, investment horizon and appetite for the specific risks of real estate investments. Prior to any investment, you should read the information documents, in particular those related to the costs and risks of an SCPI investment. The value of your CORUM shares and any income generated from them may rise as well as fall depending on the situation of the real estate market and the rental terms of the properties. Of course, past performance is not a reliable indicator of future results. By purchasing CORUM shares, you are making a real estate investment: therefore, this is a long-term investment whose liquidity is limited and whose value and any income from it are not guaranteed.
Buying shares subject to a split of ownership
|Duration of the split of ownership (in years)||3||4||5||6||7||8||9||10||11||12||13||14||15||16||17||18||19||20|
|Bare ownership (in %)||86||82||78||74||71||68||65||63||62||61||60||59||58||57||56||55||54||53|
|Usufruct (in %)||14||18||22||26||29||32||35||37||38||39||40||41||42||43||44||45||46||47|
Buying CORUM shares as a usufructuary
If you acquire the usufruct of SCPI shares, you will receive any income attached to them for the duration chosen initially, which can be 3 to 20 years.
Upon the purchase, the amount payable by you as a usufructuary is between 14% and 50% of the price payable for the full ownership of the shares. The longer the duration of the split, the longer you will receive dividends and the higher the portion of the acquisition price payable by you will be.
At the end of the split, usufruct automatically expires and you no longer receive any income.
In case of a tax deficit, any income received as a usufructuary can be used to offset it and to receive income that is already net of tax.
Companies may amortise the temporary usufruct of the SCPI shares. Any income received as a usufructuary will be subject to low taxation.
If you are liable for wealth tax, you should be aware that the amount to be included in your tax base will be the same as for the full ownership, not that of the usufruct.
To receive, for the whole duration of the split, a higher income than in the case of full ownership, but with a lower initial investment.
To benefit from a dividend yield higher than if you fully owned your CORUM shares.
Are you interested in buying shares subject to a split of ownership?
You can call a CORUM representative at
+31 20 237 19 10
In case of a split of ownership, it may be difficult or even impossible to redeem or transfer shares. Holders of shares subject to a split of ownership are advised to hold on to their rights for the whole duration of the split.