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I was delighted to read about Caneus, which fosters international collaborative aerospace development, has a major project bringing together many countries to share space on satellites. They are using a fractional ownership model to manage the use of the satellite, with 50+ owners; this will need to be a well written contract. I think there is [...] About a month ago there was a great article in the Daily Mail discussing fractional ownership and private syndicates. Two yours2share members who share more than one major asset were interviewed: Graham Price shares a property and boat in France; and Bill Hosie shares a boat and an aircraft. This created a great deal of [...] Anyone who has ever owned a boat will tell you that the ongoing mooring and maintenance costs can be considerable. One of the major advantages of sharing a boat is sharing these costs. So I read this article in the Wall Street Journal today with a little amusement. Sunk costs details the running costs of superyachts. [...] Prince Madoc will have identical sail pattern & masts to Vixen II, shown here An interesting boat share ad was posted on yours2share over the weekend. The Prince Madoc, a 65 foot stays’l schooner, is being lovingly restored by Dave Denning down in Cardiff, Wales. The restoration has so far taken ten years, and he [...] People often ask me whether they should fractionalise a property they are selling or not? My response depends upon whether this is a small commercial developer or a private individual. For small commercial developers with a fairly small number or properties, say less than ten, I usually advise them to speak to consultants [...] I’ve just added a pdf copy of a really good review of how tax issues affect fractional ownership in France by non-French-residents to the yours2share website. This is written by Andy Sirkin, an American lawyer who specialises in fractional and joint ownership. It’s a comprehensive document and not a light read. So make a [...] |
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