Anyone has seen the very suspicious offer for Cap Med with 5% cash back, notaire fees paid, 100% finance etc?
It looks to good to be true especially when all serious developers in France don't give discount any more because they are selling fast with French investors (with Scellier tax incentive).
Hi there
Just wondering if anyone could give me some advice.
Having recently reviewed our original mortgage documents from 2006 for a leaseback in the South of France, I was horrified to realise that we are paying a fixed rate of 4.35% + tax instead of the 3.9% rate we agreed to at the time. I have the original e-mail outlining the 3.9% but unfortunately we signed the mortgage paperwork for 4.35%. The confusion for me I think was that 4.35% was the exact promised return from the management company running the leaseback and so I did not spot the error.
we have a leaseback in Brittany which should generate rental income from July 1st 2010 (finally built!). We have been sent declaration des revenus 2009 forms 2042 and 2042C by the company based in France dealing with tax and VAT. They have asked us to sign and post off to SIP des non residents France. Is this all we need to do? Not clear whether we are meant to fill any of more it in (like income!). They also sent us copies of fully completed forms 3517S, 2033A-D and 2031.
We obviously have had no income from the leaseback and live and work in the UK.
I have been told by my accountant I have to complete a SEI or something similar - anyone know about this and whether as a UK resident you have to complete them? I thought all you had to do was a income return.
Charliemain
Seamus,
There has been a lot of negative press about Leasebacks and being unable to sell them on etc. over the last while.
From reading some sites, it appears that mostly resales are picked up by the french, fairly quickly, as long as "Location, Location, Location" is well adhered to.
Can you answer some questions on leaseback resales.
Why would the French be the main source for resales. Do they have added tax breaks ? I assume there is a lot more commission to be made off new builds.
Hi, Has anyone been able to negotiate a payment holiday on their French mortgage especially mortgages supplied by credit immobilier de France. I have been trying to speak to credit immobilier but no one is able to speak to me in English and my French isn't good enough to have a conversation about my mortgages in French. I have also sent letters and emails in French but I haven't received any reply. Any advice would be very welcome.
Thanks
Nick
ncorps
As anyone received their 4th quarter rent for 09 and the 1st quarter rent for 2010 yet. I have sent numerous emails to anna and she doesn't reply. I have tried to phone her and there is no reply. I have now sent an email to the central reservations but no reply. Does anyone know are they still tradingGerardy
Can anyone help please. I am the kind of person that always likes to do things for myself.
Last year I paid a company to submit my Tax return but they did not give me a copy of the forms so I still dont know how to do what I am sure is a very simple process to complete my 2031 et al.
Are there any web resources or books that will take me, step by step through which boxes I need to complete. I am non resident with just one leaseback - held for the past 2 1/2 years.
Any assistance gratefully received.
I am after a £5000 loan
earning £120 a week
If so, where is best to apply?
Thanks
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