Learn More: Arbitrage and Structuring

Issues that go beyond operations fall under a separate framework, and this is intentional.

After a few seasons, the nature of the questions changes. It is no longer a matter of how to fill a calendar, but whether to keep the property, integrate it into a company, pass it on, or sell it. These are legitimate questions, and they almost always arise.

However, they are not covered by the property management contract. This page explains where the line is drawn—and why it primarily protects the property owner.

• The choice between the micro-BIC and the actual income tax system, and a numerical simulation based on your specific situation.
• Type of ownership: proprietary, corporate, divided ownership.
• Resale Strategy and Capital Gains Taxation.
• Deciding whether to hold, sell, or reinvest.
• Estate Planning and Succession Planning.

A wealth management firm assumes its own liability and is subject to regulatory obligations: engagement letter, duty to disclose information, and traceability of recommendations. None of these exist in a contract for the provision of tangible services.

Combining the two would be like giving you the appearance of advice without the safeguards that go along with it. So keeping them separate isn't a precaution for us—it's a safeguard for you.

The tax implications of selling a property should be considered before purchasing one. Since depreciation is now included in the calculation of capital gains, the benefit of the actual-cost method is no longer permanent: it is partially deferred until the date of resale.

In other words, a plan chosen for its immediate convenience can end up costing a lot in the long run. This is a classic example of a trade-off that arises at the beginning and is paid for at the end.

• Do not confuse the two relationships. One involves the provision of goods, while the other involves regulated advice. The documents, liabilities, and remedies differ.
• Ask about the exit strategy before asking about the entry strategy, particularly regarding the treatment of depreciation.
• An accountant and a financial advisor do not do the same job. The former keeps records and files tax returns; the latter makes decisions and structures financial arrangements.
• The scope of what we provide is defined by the schedule on page 6.6: figures and parts, but never their specifications.

Can you tell me if I need to switch to the real world?

Not as part of the concierge service. Pages 2.5 and 6.3 outline the general framework and criteria, but a specific recommendation tailored to your situation requires a separate engagement letter.

Why don't you just answer my questions?

Because an informal response is non-binding and does not protect you. For advice to be valuable, it must be documented and stood by.

Do I need to switch concierge services to get this advice?

No. The two relationships coexist without overlapping: the concierge service continues to carry out its duties, while the study proceeds within its own framework.

What is still covered under the concierge service contract?

The day-to-day operation of the business, and the provision of figures and supporting documents. A complete breakdown of responsibilities is provided on page 1.9.

Updated as of July 27, 2026 · Describes the current service agreement. The agreement and its appendices take precedence over this content, which is provided for educational purposes.