Choose French Rental Property to Avoid 20% Tax
posted: 01 July 2011
Leaseback or rental property isn’t classified as a second home, thereby avoiding this controversial tax (due to be implemented in Jan 2012 if EU approved). Couple this with climbing property prices, the benefits of freehold property plus a guaranteed rental return, France is still one of the most popular places to buy property.
Robin Barrasford, Managing Director of the developers, explains. “UK buyers should not be put off buying leaseback property, as it not only avoids this potential tax but they also benefit from freehold property usage and guaranteed returns.”
Château de la Cazine is set within 90 hectares of stunning rural countryside within 45 minutes of Limoges international airport. The developers plan to revitalise the existing château, plus its many traditionally built outbuildings, and utilise an additional 16th Century château on site as a delightful spa.
The entire estate will represent the finest in luxury living, with a selection of converted apartments available to purchasers who wish to invest prior to the Five Star resort opening to the public. Château de la Cazine will encompass a world-class château-hotel, sumptuous fairytale spa, a plethora of outdoor pursuits plus delightful additions such as an 18 hole golf course, children’s adventure zone, a collection of additional restaurants, gym, equestrian facilities and much more.
The luxurious château suites are undergoing extensive renovation and modernisation but will retain the classical French charm and elegance that one would expect from a château property. Fractional ownership is available from £25,000 with a minimum 5% guaranteed rental return. These individual and sought after properties make stunning investments and represent a unique opportunity to purchase property brimming with French character.
The Limousin region of France is well known for its splendid rural countryside. The area surrounding Château de la Cazine is a delightful patchwork of rolling fields, swathes of forest and dozens of lakes. Yet despite its rural setting Château de la Cazine is within 45 minutes of Limoges international airport and just a few minutes drive from the charming La Souterraine village with an array of local facilities.