Tax exemption & VAT recovery
Are you planning to buy a property in the mountains to rent out?
Did you know that, under certain conditions, you can reclaim VAT on this purchase, i.e. 20% of the investment?
As connoisseurs of the local real estate market, we can help you make sense of it all. And we’ll guide you through all the steps you need to take to benefit from this tax advantage.
Recover 20% VAT on your real estate investment
Buying a property in France can be accompanied by significant tax advantages, including the possibility of reclaiming up to 20% VAT. This advantage is not only attractive, but also an important financial lever for optimizing your investment.
What are the conditions for reclaiming VAT?
To be eligible for VAT recovery on your property purchase, here are the essential criteria to meet:
- Property status: the property purchased must be new or in a future state of completion (VEFA).
- Rental commitment : you must commit to renting the property as a classified tourist residence for a minimum period of 20 years. The property must be managed by a professional rental operator.
- Para-hotel services : the property must offer three of the following four services to its tenants: reception, regular cleaning, supply of household linen and availability of breakfast.
Recovery process
Recovery of VAT is gradual, and is conditional on completion of the construction phases and compliance with rental commitments. The necessary administrative procedures are handled with the help of your notary and the property manager, ensuring full compliance with French tax regulations.
Additional benefits
In addition to VAT recovery, you could also benefit from other tax incentives depending on the location and nature of your property, such as the Pinel law for prime areas, which could further reduce your tax burden.
How do I reclaim VAT on my purchase?
You're buying a new property or building your own chalet in the mountains.
You entrust us with the rental management of your furnished property.
We provide tenants with the various mandatory para-hotel services.
You recover the VAT on the purchase price of your property, i.e. 20%.
Discover all our properties for sale
Specializing in mountain real estate in Les Gets and always on the lookout for the latest properties on the market, the Immo’Select agency offers you a wide choice of properties for sale, from apartments to chalets. You’re sure to find the property of your dreams!
