Jump to content
Complete France Forum

Selling a business that's also your home


Lachouette

Recommended Posts

We'll be putting our B&B (our main home with rooms to let) on the market soon, and have it in mind that a few years ago we heard that it's best to sell as a home rather than a business. Does this ring any bells with anyone? We assumed we'd carry on with the business until it's sold but maybe not if it brings crippling CGT bills! If it makes any difference, we're registered as a business with the Chambre de Commerce.

Thanks in anticipation,

Jan

Link to comment
Share on other sites

How would you be able to charge TVA if you were not registered for it?

This one is quite interesting for me as we have a large house and were thinking of taking guests for a couple of months a year.  However, I doubt we would want to be doing this full time or on a permanent basis and would like to keep our options open if we wanted to sell the house in a few years.

Any more info would be greatly received.

Thanks.

Link to comment
Share on other sites

[quote user="crossy67"]How would you be able to charge TVA if you were not registered for it?

This one is quite interesting for me as we have a large house and were thinking of taking guests for a couple of months a year.  However, I doubt we would want to be doing this full time or on a permanent basis and would like to keep our options open if we wanted to sell the house in a few years.

Any more info would be greatly received.

Thanks.

[/quote]

Unlike in Britain, there is no 'registration' as such for TVA in France. If you have a micro-entreprise (which includes autoentrepreneur) you come outside the TVA regime. If your business is 'réel', even if the turnover is below the micro limit, you are liable for TVA.

If you have run a micro business from your home in France, then it is still a business and you should declare it as such to the notaire. The notaire and/or the local tax office will decide whether, or in what proportion, TVA may be payable. My understanding is that if you have run an unregistered B&B business (even though it may be 100% legal) then you should treat it as a private residence when selling.

Link to comment
Share on other sites

Archived

This topic is now archived and is closed to further replies.

×
×
  • Create New...