General Discussion

2033-C Depreciation

23 November 2008
Forums: 
General Discussion

In 2003 we purchased a light leaseback property near Beziers. Occupancy was in June 2005 and so far we have no problems with the decision we made. We have made additions to the property which originally was a 1 bed mezzanine by adding a complete floor, which has provided a large upstairs bedroom. We now realise the mezzanine was a mistake for us.

helpserviceonline.com

17 November 2008
Forums: 
General Discussion

I see emails from Gabrielle Achilleos from the company HELP SERVICES ON LINE apearing under the various topics in this forum. I think people should be aware that Ms Achilleos was an employee of Conseille Patrimione (and for all I know still is) in Nice and was to the fore in selling the disasterous (for all investors that is) Les Jardins D'Elisa development in Beausoleil. I can personally state that she dealt with me and give me incorrect information and misleading information about this investment.

My leaseback nightmare

13 November 2008
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General Discussion

We bought our leaseback back in 2003 - we were paid rent only once! for three months, we did however claim back the vat/tva, 15K.

The management company went bust. The complete complex was to be a residence of toursim, but the developer sold houses to be lived in around the year. We then put the property on the market - it eventually sold in July of 2008. Yes July 2008. In the meantime we've been paying our taxes and our French mortgage.

Leaseback through pensions

3 November 2008
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General Discussion

There is finally a safe way to stop the pension rot

Old age should be a time of plenty, not one of worry! The government are cutting out state benefits indiscriminately in light of the global financial situation, leaving many older people without a medical card.

As we are all aware, most pensions in Ireland are underperforming at the moment with some pension values dropping by more than 50%.

Leaseback : No Problem

29 October 2008
Forums: 
General Discussion

This is intended for those considering a French leaseback investment.

I have read a message from Seamus, the administrator of the forum saying that this forum is maybe not to his advantage because it is only used when people have a problem with their own leaseback. While this is a function of the forum, I hope it is also a function of the forum to inform those considering the French leaseback option.

Switching leaseback companies

9 October 2008
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General Discussion

Having just joined the Forum I have a new slant on an old issue re Not getting Rental Payment from the management company

Like others I have issues with the management company not paying the rent. There is a clause in my contract ( which presumably all leasebacks have) that I can give notice to the mgmt company and if the rent is still not forthcoming then the contract with that leaseback company is ended. My concern is that this is what the builder & anagement company want me to do as it free's them from a 9 year rental payment which was obviously part of the deal.

Furniture Packs

12 August 2008
Forums: 
General Discussion

Can somebody please enlighten me as to how the cost of these is calculated and what the pack actually includes with regard to bathroom fittings, lights etc.

What is a typical furniture pack price for a 1 bed or studio appt?

Is the furniture pack price calculated to be renewed every 3 years so you actually only get 1/3 of the total pack price to start off with?

What happens if you get a 5K furniture pack when you have been quoted 16K?

UK Tax Return

28 July 2008
Forums: 
General Discussion

Accountants in France fill in a tax return for me etc to do with my leaseback property but now my UK accountant wants details of my leaseback for my UK tax return. Is this necessary given there is no tax to account for in the UK anyway

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