If you buy a property to stay with your loved ones during the holidays, you are always more likely to consider renting it. If the chalet, symbol of holidays in the mountains that are essentially family-oriented, remains a highly sought-after product, it is now competing with apartments offering comfortable volumes, great amenities and current building standards; new, demand-driven programs that sell or rent well.
Incentive tax systems, favorable notary fees and the advantageous reimbursement of VAT draw a virtuous circle that is boosting the entire real estate sector today, encouraging future owners to acquire new housing that they can occupy, rent and make profitable.
What is the law?
French and foreign buyers can reclaim the VAT (20 %) on the price of new-build property by committing to renting out their property for a period of 20 years.
How does it work?
Under French tax rules, VAT of 20 % is added to the basic purchase price of off-plan properties in France. If the owner decides to remove the property from the rental market or indeed sell it, then they have to pay back a proportion of the VAT on a pro rata basis.
Cimalpes has specialized in VAT recovery procedures under the para-hotel services and puts its expertise at the service of the owners of furnished apartments or chalets who wish to benefit from it through the rental of their property.
To qualify three of the following four services 20% must be offered by you:
To comply with administrative and fiscal requirements of the market, our teams are committed to send you a note describing the VAT recovery procedures and a document to which the given tax authorities on request.
Cimalpes itself produces the contractual documents and invoices justifying the operation of your property.
Our networks of trustees and accountants are at your disposal to prepare your file, and our teams remain at your disposal to collaborate and exchange with you according to your needs.