What is a SCI family?
It is possible that the SCI (Civil Society of Real Estate) already knows, but have you heard of the family SCI (family real estate society)? We can define the family LME as a created LME between partners with kinship or alliance links, in fourth grade. To become a Family Sci partner, it is necessary to contribute to the capital of the company, and will obtain in return a series of proportional actions at the time of the contribution made. This contribution can also be made in cash (through a sum of money) or in kind (real estate, for example, which is very common with respect to a family SCI). Specifically, this legal status allows you to your family, maintain, manage and transmit one or more real estate.
Why create a SCI Family?
Before moving towards the LMI Family Sci, it is important to know how it works. This will allow you to know if you can easily adapt to your inheritance and tax situation and that corresponds to your objectives.
First, its main advantage is that it makes possible to facilitate the constitution and transmission of a property within a family that wishes to constitute a common inheritance, to prepare its succession. In fact, the Family SCI is the real way to transmit its real estate assets, because the actions make it possible to facilitate transmission and reduce the inheritance tax.
Second, the LMI Family allows it to escape the quite complex mechanism of joint possession. Therefore, it is a real asset if you are looking for a way to administer your assets in a simplified and centralized way, within a single entity. The SCI Family can also avoid many conflicts, since it allows each couple to be given and, therefore, to each family member, the possibility of having their opinion on the management of the goods.
The advantages of the SCI Family do not stop there, since it is especially in the tax level that this state is distinguished. In fact, you can choose between income tax (IR) and corporate tax (IS), depending on what is most interesting in the situation of your family. If you do not know what imposition you choose, know that the choice is made in particular in relation to its transmission objectives. If you already know that you want to give up your actions, you can have an interest in choosing the Income Tax. In fact, in this case, it is the regime of capital gains of people what is applied, which is quite advantageous. On the other hand, to the Corporate Tax, it is the Mobile Capital Profit Regime that is applied with the networks corresponding to the duration of property detention. In addition, the election of taxes also determines the payment of taxes, which can also influence your choice. With respect to a SCI for IR, all members pay the tax according to their participation in the share capital, under the income of the property. With respect to the SCI AT, it is directly the company that pays taxes. As a partner, he only gets taxable in case of a dividend payment in his favor, on his personal taxes.
Who is interesting to create a family science fiction?
As you can see, this legal status is very interesting if you want to manage family real estate or even prepare the transmission of your assets for your children or other family members. For example, it is possible to gradually give in your home or apartment giving or producing part of your actions every 10 years. In addition, this legal structure allows you to group everything within it and benefit from an advantageous fiscal management.
Keep in mind that this State does not adapt to its situation if you are considering a commercial activity. In fact, the Family Sci, such as the classic SCI, is adapted to civil activities. This means that you will not be able to create a family science fiction if you want to make the purchase of real estate, for example. However, there are other alternatives to fill this. This is, for example, the case of Family LLC or SAS Immobilière.
When choosing legalstart for the creation of your business, it benefits from the support dedicated throughout the process. Our service includes the preparation of your file, the collection of the necessary documents and the presentation of your file through the Single Window of the INPI. Simplify your business approach with legalstart, which guarantees the fulfillment and speed of its administrative procedures.
This content was carried out in association with legalstart. The BFM business writing did not participate in the realization of this content.
Source: BFM TV
