Hi,
I'm new to leaseback and have put a deposit down on a small development called Domaine de Guitard outside Casteljaloux near Bordeaux. It comprises 84 2 bedroomed wooden chalets.
Has anyone heard anything positive or negative about this development?
Does anyone have an opinion on Wooden Chalets as a leaseback investment?
Finally, has anyone heard of the developer/management company - Vernoy Bros./Villie/Exclusivity
Many thanks.
Hi,
i'm thinking about paying a 5% deposit on a unit which has came back on the market in a development in Mulhouse, Alsace.
1 bed studio 25msq - E98k total inc parking, furniture and vat - yield of 5.47%
i'm now just a bit unsure that it may be overpriced ?
any feedback greatly welcome
thanks
John
Has anyone had any dealings - good or bad - with
these brothers who are selling leasebacks in the
south west of France?
Hi Seamus,
Looks like my leaseback is going to be delayed another two months (8 months late in delivering if they meet their latest target). I've paid everything except 4,500 for furniture and lost over 12,000 EUR in interest payments (not capital) because of the delay. Can you reasonably tell the developer to forget the balance of the furniture or claim refund of interest costs beyond a certain period?
Thanks
Toddy
Hi Seamus and co. Here's a few queries re the annual French tax return :
1) By what date must it be returned ?
2) Is it a simple enough document to complete correctly ?
... or ...
3) Would you recommend getting a professional to deal with this ?
If so can you recommend someone?
Hi there,
Barclays want 5.26% to for a 20-year fix (existing variable rate mortgage) and I have another offer from a local bank in Nice for 4.45% fixed. To add salt to the wund, I got a letter today saying I have to pay €5260 to fix it at this rate or wait till September when long term rates are even higher.
Hi there,
I just started looking for a leaseback programs for investment purpose. I will appreciate recomendation "web site" with good reputation leaseback development companies having programs in Paris, and Cote d'azur.
Thanks & Regards
Assia
On leaseback cash rent, is Income tax payable in France or just in the
home country of the owner?
if it is payable in France, how much does this tend to be?
Thanks
Hi Seamus,
If a leaseback is up and running i.e. so the lease commences immediately - and there is a full VAT refund - how long does it usually take from buying a leaseback that has started operating (i.e. drawing down all the loan immediately) to getting the VAT back from French Revenue?
Thanks
Toddy
Dear Seamus
I have found your site extremely useful and informative.
I am in the process of potentially buying a leaseback but I have found the
position regarding the VAT situation and rent quite confusing. I gather I
would be paid rent, in my case 4% of the capital price of the property (less
VAT) each year. This amount would then be subject to 5.5% VAT. I
presume the French accountant will sort this out to some extent, I just
have to complete a declaration. But, if I try and understand it, I get the
English
Français