Hi there, I am looking at leasebacks in france. Not sure yet where. Obviously i want to check out what tax implications there are with leasebacks. Could somebody provide me with a list of all the taxes that i would be liable for both here and in france should i decide to buy a leaseback property in france.
I understand that if i have a french mortgage that this can be offset against tax on rental income in france. So if there is zero tax payable to france is it zero to Ireland too?
When the mortgage term is up then, i presume tax is payable to frence Revenue on the rental income at a rate of 25% AND 17% to the Irish Revenue- is this correct?
Any clarification and a list of all other tax liabilities would be greatly appreciated. Thanks.