Well folks...it's gone! After 11 years of misery and worry I'm rid of the millstone that was 'Leaseback'. I lost over €22,000 over the 11 years of ownership (money in V money out) and the worry of it has been incalcuable. I feel as if I have paid someone €22,000 to torture me for 11 years!
Good riddance to it!
I read with interest in an article by Fabien Cordiez linked to from the forum a while ago that new rules came into force in 2010 to help leaseback owners faced with repaying the TVA on their build if they exited leaseback. I am sure that the article said that there was a one year grace period to get either a new lease in place or an owners cooperative, but if you didn't want to continue in leaseback at that stage, the proportion of TVA outstanding could be paid back over 3 years instead of being payable immediately. We are faced with this issue now, and there seems to be conflicting opini
Does anyone knows about this article at all ?
I rent a property with lagrange in Morgat and my rentals were paid to me VAT excluded...Is it normal?
Lagrange told me it was because of this new law (283.1) but I'm not sure they are allowed to do this ?
Does anyone in the same situation?
I have a copy of the title deed of my leaseback property signed by the French Notaire at the time of purchase. I have been trying to find out from the Notaire whether or not he possesses the original title deed. I have sent may e mails to his firm and have also telephoned them because noone was responding to my e mails. The person I spoke to said he would look into the matter and get back to me which he hasn't.
Hello all
I wonder if anyone can help me.
I was reacently served with a notice to terminate the lease by the management company. I think it was served late so that may help me out, however, even if I can get another 3 yrs out of them the problem will remain the same when I presume they will terminate again in another 3 yrs.
So what happens on termination? I have no idea where to go from there as it was a complete surprise they could do this - I was never advised of their right to terminate every 3 yrs. I am panicing to say the least.
If so it may be worth giving any experiences (good as well as bad) and any pitfalls to avoid.
Has anyone renewed?.
Has anyone sold?.
Did anyone make a capital profit?
Is anybody and expert on Article 606? As an owner of a leaseback property, typically what could I be liable to pay for under Article 606 and what should I not be expected to pay for? Anyone know?
It might be a good idea to add a holiday home swap to the site
Hi All,
just wondering if you all completed the 'Declaration D'un local a usage professionnel ou commercial' form? Will this bring an increase in tax we are liable for next year?
Mags
My French accountant deals with my TVA and income tax at present.
Now that the rules about TVA are changing from October, how easy it is to dispense with her services altogether and pay income tax soley in the UK. Even if it is a little more, I am sure I will be better off as I won't have to pay 2 accountants.
Will the French chase me for tax, or can I just ignore it and pay it all in the UK (that is if my UK accountant can't find a way for me to avoid it here )
English
Français