GFV Château Fombrauge

Invest in our vineyard property fund and participate in the development of this renowned wine estate. We unite investors, winemakers and asset managers.

Vineyard property investment
A three-way relationship between investors, winemakers and managers.

The advantages

Exports are steadily increasing for this outstanding vine-growing territory. This vineyard, that combines tradition with innovation, is an investment opportunity with no correlation to financial markets and with no danger of relocation.

Wealth diversification
IFI (French real-estate asset tax) and inheritance tax
Professional management service
Assistance from a winemaker

Our approach

We only select autonomous estates located in the major wine regions, with renowned territories. We give priority to winegrowers who are experts in their trade and developing a strategy for distribution and export.

A limited number of investors (max. 149) subscribe to the capital of a non-trading company. The exclusive purpose of the group is to invest in vineyard assets and to rent them back to the winemaker with a long-term lease. Direct approaches are unauthorised.
The person working the land. The company enters into a long-term lease with the winemaker so they are able to develop sustainable operations. The winemaker is selected for their technical and commercial expertise. Rent payments are distributed in cash income to shareholders, or as an option in bottles (conversion into kind).
The manager is fully responsible for the operation of the company and property in exchange for annual management fees. They are appointed by the articles of association have full responsibility. Shareholders are regularly informed of the group’s activity and the evolution of their investment. They participate in all collective decisions at general meetings, including the allocation of profits.

Invest in a GFV and make a long-term commitment to a non-trading company

Investors commit for the long term which generally corresponds to the lease term, between 18 and 25 years.
Resale of shares is possible subject to compensation.
The company does not guarantee share resale.
GFVs are created as non-trading companies. As a result, shareholder liability is undefined but not shared and subsidiary.
GFVs meet the AIF definition under the AIFM Directive. However, in accordance with French law, which has more restrictive provisions regarding marketing of non-trading company shares, listing, canvassing, advertising, or any other form of public advertising about GFV share sales is expressly prohibited.

GFV taxation

Decrease in the tax base for free transfer (793 and 793 b of the CGI - General Tax Code)
Value of exempt shares up to:
75% up to €300,000
50% above this threshold
Conditions: holding period of over two years and by the beneficiary of over five years. It is not required to feature donations (processed by a notary) in under 10 years in the estate, and they are not included in the assessment of exemption.
Reduction of the tax base (885 H CGI)
Value of exempt shares up
to: 75% up to €101,897
50% above this threshold
Effective exemption date: holding period of over 2 years
“Micro-Foncier” system
Taxpayers with maximum rental income of €15K.
Subject to conditions. Application of a set deduction of 30%.
Tax base: “régime réel” (actual regime)
Real estate income taxable in the property income category with the possibility of deducting expenses and interest on loans if shares are financed with credit.
Irrevocable tax option for 3 years.
Social security levies: 15.5%
1,60% pour la 22e année
9% /an au delà de la 22e année.
Tax rate 19% + social security levies 17.20% + capital gains tax > €50 K
Real estate capital gains: Tax allowance for holding period
Total exemption after 22 years
6% per year from 5th to 21st year
4% for 22nd year
Social security levies: Tax allowance for holding period
Total exemption after 30 years
1.65% per year from 5th to 21st year
1.60% for 22nd year
9% after 22nd year.

The associated risks

A long-term investment with no capital guarantee and reduced liquidity.

The SCPI bears a risk of capital loss: capital invested is not guaranteed.
The withdrawal or sale of shares is subject to a prearranged purchase agreement. As a result, the time frame for share resale varies with purchase requests in the market.
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