One of the possibilities of law TEPA from August 21st, 2007 allows the individuals subjected to Wealth Tax (called in French “Impot de Solidarité sur la Fortune – ISF ”) to deduct from their contribution a fraction of investment in capital of SMES (Private equity) or for the subscription of shares of FIP, FCPI.

The pound has come under increased pressure this week, in particular against the euro, hitting a 5 month low. A key  level for GBP/EUR as we approach October will be 1.10 / 0.9090 and for the moment this is holding, but, is it worth taking a punt on the pound?On top of stagnant economic and industrial news from the UK in the face of positive Eurozone sentiment we have also simultaneously seen consistent euro gains against other pairings, for instance increased strength against the USD pushing up over 1.47. This has helped to keep the euro strong across the markets, and also against the pound. In an article over the weekend the Telegraph argues in favour of a real chance of GBP/EUR hitting parity in the first quarter of 2010; whilst this cannot be ruled out we must consider that economic sentiment is very fickle at the moment and the tide can change very quickly. On the other foot we hear from Goldman Sachs who speak of the rate hitting a high of 1.18 by 2010.

But what does this mean for you…..it isn’t all bad news!

Today’s rate is great news for your sellers who are sending their money back to the UK. They are getting a fantastic rate of return on their Euros and can get an even better rate if they use our services as an alternative to their bank.

You get up to an extra 3% for your house price when you use us to transfer funds back to the UK.

Start earning money on the strong Euro !

Stéphane Chamouret – Founder of Riviera MultiFinance

http://www.riviera-multifinance.com

Rouvier Valeurs uk 2009 08.pdf

Rouvier Europe uk 2009 08.pdf

Stéphane Chamouret – Founder of Riviera MultiFinance

Do you wish to invest in powerful small & medium companies? Do you wish to thus reduce your wealth tax?

Reduce to the maximum your wealth tax while investing directly in small & medium companies.

The subscription for the capital of small & medium companies carried out each year before June 15th, opens right to a cut of wealth tax to a total value of 75% of the invested sums, within the limit of a tax cut of 50,000 €.

The subscribed shares must be obligatorily held until December 31st 5th year following the subscription, except fusion, scission, compulsory liquidation, dismissal, death, disability.

Example: a payment of 66,667 € gives right to the maximum of reduction wealth tax, that is to say 50.000€ (what would correspond to the tax due on a patrimony of 5.7 M €)

Book now you investment against «Wealth tax » !

info@riviera-multifinance.com

Stéphane Chamouret – Independent Financial Adviser