General Discussion

Claiming VAT before 5 years

26 September 2007

Hi there,

I am looking at a property completed under 5 years ago that, when purchased, was included in the "Leaseback allowed" developments. For some reason or other the current owner did not claim the VAT back. She did however enter into a rental agreement similar to the one that you would expect in a leaseback agreement. My question is- If i buy the apartment before 5 years is up can i claim the VAT back on the original purchase price if i continue the lease agreement?

Cheers

Paul

Nendaz and Transmontagne in Switzerland

9 September 2007

Does anyone have any information on Transmontagne and its involvement in developments in Switzerland. I am in the process of buying an apartment in a development called Pracondu 2 in Nedaz in the Valais region in Switzerland. This is a leaseback scheme and the lessee is a company called Alpvision which is owned 90% by Transmontagne. We have been assured by Savills and Genvalco (the builder) that Alpvision is a ring fenced subsidiary of Transmontagne and is not and will not be affected the the Transmontagne insolvency.

Dim light at end of the Tunnel

8 August 2007

Hi I am a Newbee on the forum and I have been directed here by Joan O'Sullivan and I was delighted when I received her letter today. I was thinking I was on my own in this mess. I have 2 Apartments in Chamrousse bought through the very unhelpful French Property Ireland. However they have passed me through C'est La Vie Properties whom to be fair are doing their best and translate every relevant document and have helped complete my tax returns etc.

New laws re VAT

17 July 2007

Hi

I have a leaseback near Toulouse and have just received forms from my accountant asking me to sign documents allowing them to act as guarantor in respect of VAT (apparently there is a new law as from Sept 2006). Does anyone know what this means? There is an English translation of the forms, but in typical tax speak it is all a bit confusing! Thanks in advance for any help.

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