Financial, taxes & cost

01
How do we finance our homeowner share?

There are a number of options, more information is available here.

02
What is the monthly management fee and what does it cover?

The management fee is a monthly cost contribution that covers all expenses associated with running the five properties, including local taxes, insurance, maintenance, administration, etc. The only thing you have to pay on top is the direct expenses related to a stay in the property, which are the mandatory end of stay cleaning and use of utilities.

- In Pied à Terre the annual fee is €10,700

- In Signature the annual fee is €14,600

- In Premium the annual fee is €19,800

03
Which advantages does August offer compared to individual second home ownership?

Lower capital investment than buying a comparable home on sole ownership.

Spread the risk by investing across different countries.

04
Do we get taxed when selling our share?

Your ownership of an August share is equated with owning a holiday home yourself.

If you sell a second home in the UK, you need to pay capital gains tax (CGT) on your profits.

05
Do we need an advisor when buying an August share?

It is always a good idea to run the paperwork and general August proposition by a lawyer or accountant.

06
How do I consider local tax in different countries?

Tax payments are made locally and vary from country to country. They are part of the ongoing direct cost contribution.

07
Is it likely that we have to pay more than the suggested annual fees related to a Collection?

No, unless decided by the homeowners’ association itself.

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