Financial, taxes & cost
With August Collections you will own a piece of the underlying assets, with real ownership based on subscription for an actual company share.
The management fee is an annual cost 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
Lower capital investment than buying a comparable home on sole ownership.Spread the risk by investing across different countries.
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.
It is always a good idea to run the paperwork and general August proposition by a lawyer or accountant.
Tax payments are made locally and vary from country to country. They are part of the ongoing direct cost contribution.
No, unless decided by the Homeowners’ association itself.
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