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Thursday, May 27, 2010

Interesting changes to TVA rules for Languedoc Property

I have just spoken to a Notaire contact of mine who tells me that the TVA repayment rules in France have just been changed.

It was always the case that if you sold a property in France that was less than 5 years old you would have to pay back TVA (VAT) on the entire selling price. At a rate of 19.6% this could often be quite a sum and was a large factor in some people's choice to sell or not sell their Languedoc property.

Notaire Maitre PEITAVY has just told me that this is no longer the case and TVA is no longer payable here.

To get this straight from the horses mouth so to speak, contact Maitre PEITAVY Frederic as follows;


PEITAVY Frédéric
14 AVENUE CHARLES CAUQUIL
34350
VALRAS PLAGE
   
04.67.11.02.00



He's a very nice guy, knows his stuff and speaks good English. You can email him at frederic.peitavy@notaires.fr 


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