SCI, SARL, SAS or direct ownership: how to choose for a real estate investment?

The choice of a holding vehicle can significantly change the profitability, governance and taxation of a real estate investment.

SCI, SARL, SAS or direct detention do not meet the same objectives. Some structures are adapted to a heritage logic, others to a more operational activity, to the association of several investors or to a more ambitious reinvestment strategy.

The real challenge is therefore to choose architecture which corresponds to the economic model of the project.

Each structure produces a different economy

Nature of the operation, level of revenue, financing, number of partners, need for reinvestment, remuneration of directors, taxation of distributions and horizon of disposal must be assessed together.

The firm compares these parameters to determine whether the project is more of a heritage, entrepreneurial or investment logic.

This analysis avoids, in particular, selecting a structure solely because it appears fiscally attractive on an isolated criterion, whereas it may become less effective as the project develops.

Building a structure to support investment

The right architecture must also remain relevant over time: acquisition of new assets, entry of investors, creation of a holding company, distribution of cash, transmission or future disposal.

The firm's expertise is to model several scenarios and measure their fiscal and economic impact over the entire investment cycle.

Master Edouard Pruvost specializes in consulting on real estate tax strategy and analysis of investment structures. The firm accompanies investors who want to compare SCI, SARL, SAS or direct holding to identify the most efficient architecture in terms of their objectives. To have your project analysed and to benefit from tax strategy advice, contact the firm.