JohnAWard Posted October 28, 2002 Share Posted October 28, 2002 i am considering buying an appartment on the french riviera using the french investment/lease back scheme.advise would be very welcome on the following points,1)what is the % vat refund.2)how many years old does the property has to be.3)how many weeks personal use is normal.4)is it guaranteed by the french govt.i would be pleased to hear views from anyone who knows of the scheme or anyone on the schemethanks j.ward Link to comment Share on other sites More sharing options...
Boyes1 Posted November 2, 2002 Share Posted November 2, 2002 I don't know the answer to all your questions but I have just placed a deposit on a new build lease back property in Cannes. The VAT refund is 19.6 per cent. The scheme is backed by the Government although i am not so sure if there are any guarantees attached to the purchase. I do understand that all the companies involved in construction of such properties are Govt backed. The use of lease back property varies from one developer to the next but naturally the more use you get then the less the return on investment. I have chosen a 5 per cent return and 2 weeks use. The use cannot be in peak season.A good company to look at for this type of investment is Patrimoine Conseil who have offices in Nice. They also have very helpful English speaking staff. Try the following site. Hope it is useful.http://www.french-investments.com/Paul Boyes Link to comment Share on other sites More sharing options...
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