In France, purchasing an off-plan property and renting it out, fully furnished, to short-term guests offers a valuable advantage: you can recover 20% of the property's purchase price by reclaiming VAT. Here’s how it works!
Reclaim 20% of the purchase price of your apartment, furniture, and additional features by applying for a VAT refund from the French tax authorities. To qualify for the refund, the full purchase price of the property must be paid in advance.
A French chartered accountant can guide you through the process of completing the refund application and provide expert advice.
VAT refunds are granted on the condition that the property is rented out. Alpine Resorts manages this process for you!
To qualify, the following three conditions must be met:
1 – Property must be fully furnished
2 – The rental must be short-term: for instance, a single tenant cannot stay for more than 30 consecutive days.
3 – At least three of the following para-hotel services must be offered to guests:
Alpine Resorts oversees the rental of your property, ensuring para-hotel services are provided to guests, offering additional rental services, and maintaining your property on your behalf.
When you sign a management mandate, it outlines:
Our flexible management structure allows you to use your property whenever you wish. Simply inform us of your planned occupancy to ensure proper scheduling of the busy winter season.
VAT refunds are granted in exchange for a 20-year rental commitment.
If you discontinue the rental agreement before the 20 years are up, you will owe the tax authorities the unamortized portion of the VAT, calculated as X/20ths.
As the sole owner, you can sell your property at any time. If you have reclaimed VAT and signed a management mandate, there are two options:
Alpine Lodges: Your Expert in French Alpine Real Estate
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SAVE 20% ON YOUR PROPERTY PURCHASE WITH OUR STRUCTURED SOLUTION.
+33 (0)4 50 24 38 00
Parc Altaïs, Bat. C
21 Rue Andromède
74650 Annecy — France
+33 (0)4 79 08 91 80
Residence Aspen Lodge
357 Rue Sainte Blandine, Moriond
73120 Courchevel — France
+33 (0)4 22 32 60 96
Le Draguet
258 Rue du Centre
74260 Les Gets — France
+33 (0)4 79 55 77 73
Hauts de Tovière
531 route de Lavachet
73320 Tignes — France