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Where Taxpayers and Advisers Meet
Setting up a UK company to buy a french house for restoration
We are an unmarried couple wishing to buy a french house for restoration as a second home. In order to minimise the penalties involved in such a purchase,those of french inheritance tax etc, for people of our unmarried status we have been given two pieces of advice. Purchase the property by setting up either a french company(SCI); or, a UK company.Are either of these approaches the best way to proceed; or, is there a better alternative.
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assetlink@eircom.net
- Posts:6
- Joined:Wed Aug 06, 2008 3:04 pm
Dear Catherine
It is very popular to use a offshore property holding company as some of these companies do not pay CGT and have other advantages.
Please feel free to get in touch to discuss further.
Raymond Kearney
Assetlink Consulting Corp. Ltd
assetlink@eircom.net
T +353 1 6710096
F +353 1 6710462
It is very popular to use a offshore property holding company as some of these companies do not pay CGT and have other advantages.
Please feel free to get in touch to discuss further.
Raymond Kearney
Assetlink Consulting Corp. Ltd
assetlink@eircom.net
T +353 1 6710096
F +353 1 6710462
