An increase for property owners in the Dordogne?

November 1, 2007

Renovation can be taxing

To complicate the issue, work to renovate a building will incur VAT (TVA), at 19.6% only if it affects more than 50% of the building stock.
Similarily, repairs to a wall will be taxed at 19.6% VAT if it affects the whole wall,but 5.5% if only half of the wall is being repaired!
Additional complication, second oeuvre work;floors,door frames, wall partitions,plumbing, electricity,heating and sanitation will only incur VAT at 19.6% if the overall work to the building requires more than two of these types of work.
The move has left both builders and property owners confused and disgruntled.
Such is the complexity of these policies that where there is a disagreemen, people are returning to the tax office for clarification and are finding that response takes for ever.

Written by admin · Filed Under News