Self Invested Personal Pension (SIPPS)
Leasebacks have consistently been a popular choice as a form of pension fund for the French and their retirement but what few people realise is that UK and Republic of Ireland residents can also use their own pensions to buy leaseback property in France.
An individual with a Self Invested Personal Pension (SIPP) can choose to invest in various assets, including commercial property and, leasebacks in France, are considered commercial properties.
Leasebacks in France are usually part of hotels and these are included in the definition of ''commercial property''. The SIPP effectively buys the property and leases it back on on a French commercial lease to a management company for anything from 9 to 20 years. The management company will then pay the rent to the SIPP pension fund. The 19.6% VAT will be refunded by the French Government back into the pension fund. Contact VPS-Invest to discuss the most appropriate investment solution to suit your personal situation.
