I intend buying a property in the charente department in the near future for holidays and investment purposes,and during my research at exibitions and speaking to agents,leaseback was being promoted as a straight forward and relativley risk free proposition. The property has to be leased back to the developer for a minimum of 9 years to qualify for the 19.6% VAT discount and an index linked guaranteed income. What concerns me is that after the 9 years are up and you decided not to renew the lease, would you have to pay back a pro-rata amount of VAT.Could a problem arise between yourself and the developer because by not renewing the lease you would be taking income away from his management company. I would be very interested to hear your views or experiences,good or bad about leaseback. Regards, Bob