Cherl Posted February 10, 2007 Share Posted February 10, 2007 Just reading some of the messages on the cost of selling a property within 5 years and having to pay VAT and/or CGT, do all the legal attachments apply also to a Mobile Home, i.e. inheritance, etc. etc., especially if you sell within 5 years (though it wouldn't have appreciated). In passing, I did look at one some time ago but the site owner told me there were no legal implications attached, as with a house purchase, but I wonder if that is correct? Cherl Link to comment Share on other sites More sharing options...
Nick Trollope Posted February 10, 2007 Share Posted February 10, 2007 [quote user="Cherl"]Just reading some of the messages on the cost of selling a property within 5 years and having to pay VAT and/or CGT, do all the legal attachments apply also to a Mobile Home, i.e. inheritance, etc. etc., especially if you sell within 5 years (though it wouldn't have appreciated). In passing, I did look at one some time ago but the site owner told me there were no legal implications attached, as with a house purchase, but I wonder if that is correct? Cherl[/quote]No - the CGT & VAT regs only apply to "permanent" buildings. Link to comment Share on other sites More sharing options...
Will Posted February 11, 2007 Share Posted February 11, 2007 A mobile home would form part of your estate, so inheritance tax would still apply. Link to comment Share on other sites More sharing options...
Cherl Posted February 11, 2007 Author Share Posted February 11, 2007 Thanks - I was thinking more of the 'inheritance succession' rules. Since my family are a bit disjointed, with step-children and step-grandchildren all over the world, the business of the inheritance succession scares the life out of me. It has so far put me off venturing into the French property market. If I can't leave it to whomever I like, a mobile/residential park home seemed much less complicated if the same succession rules didn't apply!Cherl Link to comment Share on other sites More sharing options...
Will Posted February 11, 2007 Share Posted February 11, 2007 They won't necessarily be exactly the same rules, as a mobile home is not, by definition, immovable property - you would need to take proper advice though because if you owned the land on which the mobile home was sited that of course would come under French succession law. Link to comment Share on other sites More sharing options...
Cherl Posted February 11, 2007 Author Share Posted February 11, 2007 Merci bcp. Link to comment Share on other sites More sharing options...
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