V.A.T RECOVERY

SAVE MONEY AT THE TIME OF YOUR PURCHASE,
HAVE OCCUPATION OF YOUR PROPERTY FOR YOUR LEISURE,
YIELD A PROFIT OF YOUR POSSESSION FREE OF WORRIES.

THE FISCAL FRAMEWORK

In accordance with article 261-D of the French General Tax Code, the occasional, permanent or seasonal renting of furnished or furbished accommodation for habitation purposes is exempt from VAT. There is therefore no possibility for VAT recovery.

However, articles 261-D-4e-b and c stipulate that this exemption is not applicable to the renting of unfurnished, furnished or furbished premises granted by commercial lease to an accommodation owner who, besides accommodation, offers breakfast, daily cleaning of the premises, a supply of household linen and the reception of guests, and who is enrolled in the Business and Companies Register as carrying out this activity (refer to article 18 of law of Finances for 2002 and French instruction 3-A-2-03 n° 79 of 30th April 2003 which define hotel-level services).

ENFORCEMENT OF THE REGULATIONS

As the implementation of our developments fulfils these criteria, our buyers are still liable to the VAT and, therefore, may get it back from the total amount of their investment (property + furnishings + various facilities).

This is what is proposed in our French leaseback scheme

"THE LEISURE-PLUS INVESTMENT"

THE PLUS

To spare our clients the trouble of undertaking themselves the administrative steps needed to have the VAT refunded on their property, we use to pay it immediately and in advance. The payment to the Notaire is thus carried out on a VAT exclusive basis which is a guarantee of the reliability and security of the system already proven by many years of existence.

It follows that if you subscribe to a bank loan to finance your purchase, you will also save a significant amount of interest on the loan due to the fact that the total financing will only be as much as the VAT exclusive price.