UK investors in French sale and leaseback schemes should take advantage of "major" opportunities due to a minor amendment to a recently introduced law in France, experts say.
The holiday investment property sector has been sharply stimulated by the Amendement Bouvard, which since its introduction on 1 April 2009, has brought the tax advantages of the Loi Scellier (Scellier Law) to sale and leaseback properties in France. Introduced on 1 January this year, the Loi Scellier enables tax residents in France to offset 25% of the purchase piece of unfurnished properties against their personal income tax over nine years. The Amendement Bouvard has extended this tax incentive to furnished French sale and leaseback properties in tourism residences and has had an immed...
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