Do not fall within the scope of the provisions of

This decision provides important insight into your property law. Here is what it changes for you.

The situation

The fraction of the value of the shares of a property investment company (société civile immobilière) corresponding to the part of the buildings owned by that company that are commercially let by a business operated by co-owners, among whom is the wife of the holder of the said shares, does not fall within the provisions of former Article 885-O of the General Tax Code, which confer the character of business assets on company securities; the business asset character of these shares is also excluded by the provisions of the same text, which specify that shares or stocks of companies whose activity is the management of their own moveable or immoveable property do not have this character.

What the law says

This decision confirms the fundamental principles of property law.

Key points to remember

• Strictly comply with the statutory time limits for lodging appeals
• Keep all your supporting documents (title deeds, instruments, correspondence)
• Anticipate: preventive advice always costs less than litigation

For an analysis of your situation: a 30-minute consultation at €45 with Maître Zakine.