English
FrançaisMy husband owns a leaseback property in France, and I've
just discovered he's been paying TVA on his rental
income.Is this right? The correspondence about it seems to
suggest that he can claim expenses against the amount
payable, and these seem to be the same expenses as he cites
against the income tax he has to pay on his rental income
in this country (UK).
Could any one advise please?
Roma
Yes TVA is payable on the French income of a leaseback scheme.
However, the accountants who are dealing with the annual tax returns should be offsetting TVA paid on allowable expenditure against the TVA on the income to mitigate his liability.