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Sharing satellites

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 [...]

Options for sharing property or real estate

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 [...]

Reduce the cost of running a boat

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 boat share

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 [...]

To fractionalise or not to fractionalise?

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 [...]

Fractional ownership, tax and France

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 [...]