French SCPI funds are confirming their expanding role in the property investment landscape in France. In the first quarter of 2015, SCPI capitalization overall reached €29.9 billion, according to figures published by fund monitor MeilleureSCPI.

Question: Have there been any recent changes or are any coming to the “3 percent tax”, as applied to an SCI, either with regard to the rules or the forms that must be filed each year?

Question: From the point of view of US IRS reporting, what kind of “Company” is an SCI? A Partnership? A Corporation? OR?