General Discussion

Taxe Professionnelle

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I have a leaseback studio in Paris. When I bought it I was assured that I would not have to pay Taxe Professionnelle or indeed any other taxes! In the 2 years of ownership I have paid 1800 euros in Taxe Professionnelle, 500 euros in Taxes Fonciere plus various amounts for VAT and maintenance on the common areas of the building.

Our accountants, the french tax administration and everybody else I have asked say that these taxes must be paid. Has anyone else had a similar experience?

This is the latest reply from the french tax authority:

experiences with leasebacks

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General Discussion

I did promise you that I would give good feedback about leaseback scheme as well as bad news. So here I am again to tell you that I am receiving a good service from the management company Gestrim Campus who pay the correct amounts for the rents on the due dates.I have had no problems with them at all.

I am still ,however, awaiting news of the TVA refund

anna smith

newbie leaseback buyer

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General Discussion

hiya anyone that reads this

my wife and i are looking to buy a leaseback property for our retirement ( being in our late 30's ) and we were wondering where the most up to date sites are showing developments.

we have seen quite a few we like but they are all sold out!

also as i will be taking out a second mortgage , can i use my house as collateral ?and is it like an english mortgage where you have to supply bank statements , payslips etc?

i'm looking to put down about 30%deposit

Taxe Professionnelle

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General Discussion

Is taxe professionnelle payable by private owners of leaseback properties?

Leaseback Interest only equity release

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General Discussion

Has anybody managed to obtain an interest only mortgage for a leaseback property from a french bank?. All banks that I have tried have not given that it is a leaseback property and the perceived restrictions in ease of resale.

What experience is available with equity release from BNP.

french solutions Barclays France

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General Discussion

My husband and I bought a small studio apartment in Torcy near Paris in May The rents are now being deposited in Barclays bank France in The France Solutions scheme. However, although we have a permanent deposit of over 3000 euros in the bank , we are being charged 50 euros a quarter for banking services and the bank is doing nothing for us. We have no mortgage payments as we paid for the appartment outright . We haven’t even drawn any money out just deposited money.

New to leaseback

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General Discussion

I have just found out about leaseback and have been contacted by a company who have a place in Oz en Oisans in Alpe d' Hues. Can anyone tell me if this is a good place to buy and is the skiing good there?

Not knowing France very well I would be grateful of any advise of were to buy, which are the good companies to deal with, and any pitfalls that I should look out for.

Are the selling prices fixed or can you negotiate?

Regina

New to leaseback - can you help

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General Discussion

Hi all

I am new to the idea of leasebacks and hope that some of you can assist me with with answers to the following given your experiances. Some may sound daft but I am only on the first rung of the ladder with this

How would you go about finding the view from each apartment?

When would you find out how much natural light is available before your purchase?

The Notary fees appear really high in some of the properties we have looked at, there must be some serious padding there, What is the norm ?

Exiting the lease

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General Discussion

Hi - I am just trying to get my head around the small print before investing in leaseback. I have a small concern regarding what happens at the end of the lease period following something I have read on another site. I know that because you are the freehold owner of the property you may choose to not renew the lease at the end of the initial period, however I have read that with some property management companies this is not possible and they will expect you to renew after the first period.

Leaseback Lending

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General Discussion

Hello, I need some advice please! I have reserved a leaseback property in the Aquitaine region, and am now making my mortgage applications. However, I was under the impression I could borrow 80% of the total value that included VAT, pay 20% deposit, and pay the VAT back when I got the rebate. Now I'm thinking I may be wrong and will have to fund the VAT myself...which will make things a lot trickier!

Any advice on lenders that will do 80% of gross price, and how to contact them much appreciatd.

Thankyou, Hannah

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