returner

Thanks for all the imfo go again to BJSLIV and others who have been kind enough to try and help.

Thanks BJSLIV For all the imfo.

Thankyou for your advice. I have read the helpfull contributions, but, unless I have missed something, this question remains unanswered. ie if you sell a barn nearly finished (pre H1) there is not TVA and if you sell a barn finished (H1 sent)there is. Please forgive this further question, and perhaps some repetition, but a) there's a lot of money involved b)I'm still waititng to here the answer to this and c)who are you ,the police?

This is a quick one hopefully. If I sell a barn conversion before its finished do I pay TVA. We bought the barn three years ago and plan to move back to UK next year. It is our main residence and we will have paid at least 2 years income tax in France.We have not sent off form H1(ie the finished work form) as its not finished!

I think this may be the last question then. The barn we live in is not completed, needs walls finishing, bare concrete on floor, pointing outside all needs doing etc. If we do not finish and therfor do not submit form H1, and sell , is the sale for us vat exempt? I know the sale price would be lower but it might be better Also, as a ludicrous example, say we had bought the barn with 1000acres and it cost 2million euros, but the barn element had gone from being worth 50k euros to 150k euros after works. Am I right that if we were liable for tva, ie sending off H1 and selling within 5 years that the tva would be 16.39% of around 2million euros, minus artisans bills( not much) This sounds less like a tax and more like a way too penalise. Interested to hear what you think.

This may be the nitty gritty, and maybe where the artisans got muddled. The barn with longiere attached was bought with new mezzanines in, new stairs, water and electrics still attached, new window surrounds made, but no windows, and new roof. We have finished the work. Is there a grey area here, ie do internal non load bearing partitions, new bathrooms etc make us VAT liable at all. What are the criteria.It seems to revolve around newly formed habitable floor space, but this was already habitable(renovations started in 1999 under the old owner) Blimey, thanks BJSLIV. Wish I'd asked earlier PS Asked our local notaire and he wants us all to go the nearest tax office and talk it over there(says he's unclear...says we have to pay TVA on my wifes stable for the horses! Surely he's wrong...doesn't habitable refer to humans because you wouldn't want to live in there)

This isn't what I was hoping for, but, I am gratefull for the imfo. One last question I can think of,as the "artisans" didn't seem to have much of a grip on TVA either some charged the higher and some the lower rate. How does that work? Thanks again.

Thanks, can you explain to me where the 16.39%figure comes from. Also, can I deduct materials purchased by me for the renovation. I'm guessing you can deduct the cost of the barn in the first place too. Am I wrong? Thanks again...getting somewhere

went to our local(french bilingual) accountant, and he was clueless. The reason I asked the original question, and having read numerous threads on this website and others is that none of the "experts" seem to know which in itself seems to be thread over here. I have also been in touch with a very well known firm of UK solicitors who specialise in Moving to France and the advice was patchy and unhelpful. I would have thought this was a very important subject for many people that warranted a bit of airing.

Hi, we moved to france and renovated a barn 2 years ago. We need to return to the UK for next Aug and will have been french resident and taxpayers for at least 2 years. As such we are exempt from CGT as this is our only and main residence. HOWEVEVER, can anyonce explain how the tva works as we have taken a barn and made a home, no doubt increasing the value a lot, maybe spending more, some with artisans at 19.6 and some at 5.5 percent and some we did ourselves. I have scanned the net , been to our local notaire and no-one seems to know how to work out the TVA on the sale.PLease can someone help.