Report French Leaseback to Consumer Commission If you own a French Leaseback property and feel that you got a raw deal, then it is highly recommended that, if you haven’t done so already, you should make your case to the relevant national consumer protection authority. The French, UK & Irish competition authorities are…
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French Leaseback Petition This article on a recently launched French Leaseback petition appeared in the Irish Times on Thursday January 19th 2017. You can find the online article at http://bit.ly/2jDENNR. There is also a scanned copy of the hard-copy piece as it appeared on the day below. You will find a…
French Leaseback Scam – Sold on Guaranteed rental, VAT rebate & as a ‘hands off’ investment. Beware the hype – you’ll be told otherwise when you purchase, but leasebacks are all but impossible to sell.
A legal advisor with law firm Elborne Mitchell has come out with a strongly worded statement to protect those considering investment in French Leaseback property.
French Leaseback property has been somewhat of a darling of the Irish overseas property investor for over half a decade now. There are signs, however, that it is a product in sever difficulty as a number of operators have either shut down or reduced rentals significantly.
The French government announced tax hikes on Foreign Property Owners. Tax on rental income could rise from 20% to 35.5%, applied retrospectively from January 1, 2012 and CGT on sales would rise from 19% to 34.5% from the end of July.
French leaseback is, once again, being heavily promoted as an ‘investment product’, but in my opinion it does not, in fact, qualify for this classification.
Leaseback is often sold as an investment product, but it’s not really. It is a product that straddles the lifestyle and investment market.
‘Burnt By The Sun’ on RTE1 TV – in Episode 2 it examines issues with French Leaseback and property in Bulgaria, Dubai, Cape Verde and India. Episode now due to air on Monday May 18th.
Burnt By The Sun broadcast dates on RTE1 are March 30th and April 6th 2020. The programme examines the problems encountered by those who have purchased property overseas and discusses any potential remedies available to them, if any.