TVA Immobiliere on re-sale France

C

Colby

Registered User
Messages
85
Can anyone help me.....I have a property in France less than a year old (not leaseback), if I go to sell it I am liable to this TVA charge I see it is levied on properties less than 5 years old but am not sure whether it is something that applies to leaseback only or whether it is applicable to all properties. If it is applicable to all is it payable on the full purchase price and is it levied at 19.6%?

Regards
COlby
 
According to this site, it can be avoided on leasebacks 'as long as the purchaser retains the existing lease, and the associated terms and conditions, [...] HOWEVER, the second purchaser must keep the property until at least five years after the original delivery date of the property as this exoneration is only valid one time [sic]'.
 
But if its not a leaseback is it at all relevant???????? What charges are there on new builds sold less than 5 years from delivery?

Colbye
 
My understanding (from , in French) is that it's chargeable on all properties sold — for the first time — within five years of construction. The exclusion I linked to above seems to apply only in the case of leasebacks. The agent/notaire who handled your purchase should be able to confirm this, though.
 
You must log in or register to reply here.
Back
Top