Living on the Côte d’Azur, the real estate portal that offers personalized solutions for buying properties on the French Riviera, has announced that they have signed up with licensed para hotelier services as a part of LMNP law compliance. Real estate investors can invest in cash or on credit in a tourist residence and get a 20 percent VAT return.
“We are delighted to announce some great news for property investors looking for newly constructed real estate in the South of France,” says the spokesperson for Living on the Côte d’Azur. “We have partnered with leading service suppliers (such as French tax accountant and para hotelier services) to comply with the fiscal rules for LMNP properties with a touristic destination. As an investor, you can now claim back 20 percent VAT from the French tax office if you buy a new property and allow this investment to be available for short-term seasonal rental.”
France has become one of the most popular tourist destinations in the world. It is also a hotspot for investors. The French Riviera attracts over 13 million visitors annually. The French Government is aiming to give the tourism sector a major fillip by offering more properties in the seasonal rental market.
With the introduction of the LMNP, investors in new French Riviera real estate are encouraged to buy a larger property that will increase revenue for the owners. By adding TVA to the rental price, the French government creates a win-win situation for all the players involved.
TVA or Taxe sur la Valeur Ajoutée is an expenditure tax imposed by the French government on consumers of goods and services. TVA generates more revenue than any other tax.
Investors in properties in prime areas in the South of France such as the French Riviera can claim back 20 percent VAT from the French tax office if they buy a new property and allow this investment to be available for short-term seasonal rental.
They can avail of this facility by complying with certain laws like signing up a contract with a licensed para hotelier service, ensuring that the property stays on the short-term rental market for 20 years, and adding VAT to the rental price.
Living on the Côte d’Azur has tied up with many leading and established real estate players on the French Riviera. The company’s website offers a wide range of properties that include luxury villa listings, penthouses, new apartments, and lots more.
Real estate buyers can contact Living On The Côte d’Azur via a video meeting or a phone call to share details of their housing needs and budget. The company then scans the properties for sale in the area preferred by the client, both online and off-market.
For more information about the offer, contact Ab Kuijer, founder of Living in the Côte d’Azur.
For more information about the company, visit https://www.livingonthecotedazur.com/smart-investing-get-20-vat-return-when-buying-new-french-property/
About Living On The Côte d’Azur:
Living on the Côte d’Azur is a real estate portal founded by Ab and Jo Kuijer. The company connects with all brokers and real estate agents in the South of France and some international real estate destinations as well. After living 15 years on the French Riviera, the couple knows the local players in the field well enough to help them finalize deals quickly.
Company Name: Living on the Côte d’Azur, a brand from The Creative Tribe
Contact Person: Ab and Jolanda Kuijer
Email: Send Email