General Discussion

Residis

17 September 2023

Does anyone have any experience of this company (Residis)?  They have purchased this apartment block from Global Exploitation/Suite Etudes and it is now being used for social housing. We are being asked to sign a new lease that officially allows the building to be used for social housing.  

When does 20 year TVA (VAT) start?

9 June 2023

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 ?

 

kodelig's picture

French social taxes

31 May 2023

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 April 2023

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 April 2023

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 January 2023

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.

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