|
|
The leaseback scheme has been established for over 20 years but like everything in life there is a bit more to it than at first appears. We have prepared a 12 page report on the French Leaseback scheme which you can download free of charge here.
The report considers the advantages and potential pitfalls and also has information on properties currently available via James Green & Co for investors who feel this is for them.
French government scheme offers one incentive to investors, and the management company provides the other.
Government Incentive: When you invest in a qualified leaseback development, the French government refunds the VAT (French sales tax) on the purchase of the property. VAT in France is 19.6%. Yes, that is correct—almost 20% is paid in tax when purchasing a new property in France. The government is willing to give that up on the front end to create tourism income on the back end. (Note VAT in Corsica (France) is 8%.)
Management Incentive: This takes the form of a guaranteed return during the leaseback period (usually 9 or 11 years) of between 4.5% and 6% (sometimes more). This figure rises annually in line with building cost inflation. Each development pays a different return, so you have to pay attention to this number. You will find higher return guarantees in the more proven tourist areas.
Once finished downloading please use your browsers "back" button to return to the property index or click here to return to our homepage.
If you don't have Adobe Acrobat then a free copy may be downloaded here.
NOTE: All our property details are in PDF format and so you may find it quicker to start Acrobat Reader in the background and leave it running as you browse property details. Leave it open by closing the files not the program (if your browser settings allow).
If you need any help or advice then simply contact me by telephone (0845 331 3141) or email info@jamesgreenandco.co.uk .