General Discussion

When does 20 year TVA (VAT) start?

9 Juin 2023
Forums: 
General Discussion

The 19% TVA on purchase price of a leaseback property was returned if you signed a 'bail commercial'. If the property goes out of lease at any stage then you have to return the TVA on a 1/20th basis (for as many years are remaining in the 20).

My question is when does this 20 year period start exactly ?

  1. is it when you sign the lease?
  2. is it when you complete the sale of the property?
  3. is it when the property first comes available for tourist rental ie. the residence de tourisme opens for business ?
  4. other ?

 

Portrait de kodelig

French social taxes

31 Mai 2023
Forums: 
General Discussion

Are French social taxes due on Leaseback/para hotel rented properties for U.K. non resident owners? Have heard that we might now be liable for 7.5% . No idea if this is correct or not and Google research not very clear on the subject! So far have never been asked for it but maybe need to fill in an additional tax declaration? Anyone wise about this please?

annual costs

13 Avril 2023
Forums: 
General Discussion

Hi all,

We are currrently paying 27 euro per square meter fixed costs (coverin in fact all costs, electricity, syndic,...) that per our contract can be raised with 1,5 % each 3 years.  but now we received a letter that due to the exceptional situation in 2022-2023 (inflation, energy costs exploding, lack of snow) they are forced to raise this to 33 euro per square meter.  We wonder if we can challenge this raise ? Anybody who was in similar situation ?

Thanks!

Glen

How do I get insurance for my leaseback property?

4 Avril 2023
Forums: 
General Discussion

Hello fellow leaseback owners,

I was told by my bank recently that I need to have insurance for my leaseback. This was news to me as I've owned it nearly 10 years but I now want to get this sorted out. Other than asking my bank for a quote which I don't expect to be competitive how do I get this insurance as a non-French speaker? I googled and can't find any companies that I am sure are legit that offer the quote system in English. Axa was recommended in one post but they only have the online system or you can call but my basic French won't get me through that conversation.

DGCCRF Report

6 Janvier 2023
Forums: 
General Discussion

Hi there,

The CCPC in Ireland advised that the DGCCRF Investigation is now complete and will be sent to the Public Prosecutor. The details are in the link below :-

www.ccpc.ie/consumers/flb/ 

Following an in-depth investigation relating to three resorts/residencies in which Irish & UK investors had purchased French leaseback properties, the DGCCRF national investigation service has submitted reports to the public prosecutors of three ‘Tribunaux judiciaires’ (courts of first instance) in the South of France.

Recommendations for Selling Agent and French Solicitor to sell property

2 Mai 2022
Forums: 
General Discussion

Regarding selling:  I am in the process of offering my leaseback for sale and, due to the situation we've all found ourselves in vis-a-vis being duped as to what

exactly, we were buying into in the first place, I am hesitant to sign anything without the assistance of the advice of a qualified legal representative.  I also want to ensure the 

selling agent is acting in my best interest and not that of someone else (the tenant, or original developer for example).  To that end, can anyone advise me of a Sales Agent

Termination of lease by management company

21 Mars 2022
Forums: 
General Discussion

<p>Our management company DG Holidays terminated our lease on 26 January 2022, along with the majority of the apartments on the resort - A settlement was agreed with DG that we would be paid 50% of rent owed since 2018 with the remaining 50% paid in 24 monthly installments. Other owners I believe have received settlement of the first 50% but none of these monies has been forth coming as of todays date to ourselves personally.

Pages

S'abonner à RSS - General Discussion