English
FrançaisWonder if anyone can advise? We have a buyer for our French leaseback. The buyer originally had planned to go with the management company but has now decided not too. Our french estate agent has told us that the tax authorities rarely ask for the TVA to be repaid! Is this true?
Hi Seamus, Thank you for that. The correspondance from the estate agent says that in order to sell we have to agree to take responsiblility for paying the TVA back, so I guess it is us breaking the lease. In this case is there less likelihood of the authorities asking for TVA back? - we have 12 yrs of the 20yrs to pay back.
Well, in fact theoretically neither you nor the management are allowed break the lease. If you break it (in the form of non-renewal) then they can ask you for compensation, if they break it they can just walk away...fair eh?