French leaseback development
Vendée
region
-
Coex
How the leaseback scheme works
The properties are purchased freehold and owners
enjoy up to 15 weeks personal occupancy.
Financial advantages
French VAT refunded with VAT rebate pre-financed by
developer
Immediate and significant savings on initial outlay
as purchase price you pay is the price exclusive of
VAT
Recovery of French VAT on furniture and fittings
Notary
Fees:
Approx.3% of property price
inclusive of VAT
Benefits to the purchaser
Hassle free property ownership
9 year renewable commercial lease
15 weeks personal occupancy with 3 weeks in July or
August
Income of 55 % of the rentals generated by the
holiday management company
Freedom to furnish and decorate the property
Flexible mortgages
The assurance of a sound long term investment through
good location and professional property
management.
Mortgages on leaseback properties
French mortgages are
available on leaseback purchases up to 80% on a
repayment basis.
Quotes and proposals
available. Please ask for details.
French mortgage
interest can be deducted on annual tax
declaration
Tax liabilities
An annual tax
declaration will need to be completed in
France
Rental Income is
subject to 25% tax by French Tax Authorities
Accountants
fees: Approx. €
300 per annum.
Tax
deductible:
Interest on French mortgage, depreciation on
apartment, furniture and fittings, accountants fees, notary fees
and annual rates.
France leaseback
property:
Leaseback properties
in France on residential developments.
French
leaseback scheme main page
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