Help For Tax optimization [ France ]

[void]

MILFs are not for everyone.
On another note, it seems that French castles today are for about everyone. Prices are ridiculous. There must be a good reason.

you mean something like Italian villages for 1 eur?

 

[JohnnyDoe]

you mean something like Italian villages for 1 eur?

These are derelict buildings in bad locations.
In France, for example, for an asking price of 1.6m you get this 3000sqm castle with 26ha of land:

 

[Mercury]

Exactly. Well he was dating a single mother before I had to put some sense into him by taking him to a trip to Mykonos alone That only helped for a few months and was back to taking blue pill - figuratively and I guess literally with a Swedish single mom.

I guess the red pill was hard to swallow in Mykonos.

 

[Mercury]

In France, for example, for an asking price of 1.6m you get this 3000sqm castle with 26ha of land:

Yep but how much to revamp and maintain it over the years? That alone could X fold the price.

 

[JohnnyDoe]

Yep but how much to revamp

Not much. Probably 200k to make it perfect, 50k to make it good.

and maintain it over the years?

These buildings are solid, when you buy high quality you don’t really need to spend a fortune in maintenance.

And remember, living in peaceful 26ha in the countryside will save you big hospital bills later.

 

[lagloriacubana]

Not much. Probably 200k to make it perfect, 50k to make it good.

View attachment 8304

These buildings are solid, when you buy high quality you don’t really need to spend a fortune in maintenance.

And remember, living in peaceful 26ha in the countryside will save you big hospital bills later.

How do you stay out of French tax net by having a permanent house available to you there?

 

[JohnnyDoe]

How do you stay out of French tax net by having a permanent house available to you there?

You can’t. That’s why they come cheap.

 

[Mercury]

And remember, living in peaceful 26ha in the countryside will save you big hospital bills later.

Need to account land tax that could be substantial for that big size land depending on location and if construction is allowed.

If low land tax then you are in a middle of nowhere and you may die before reaching the next decent hospital.

Out of that, yes peace, calm and space are definitely priceless.

 

[void]

Need to account land tax that could be substantial for that big size land depending on location and if construction is allowed.

If low land tax then you are in a middle of nowhere and you may die before reaching the next decent hospital.

Out of that, yes peace, calm and space are definitely priceless.

all that and...
not sure if this is the case in France but many countries "protect" valuable historical buildings by law.... which means you're not only limited in what you can do with your property but also obliged to keep it in certain condition

 

[JohnnyDoe]

all that and...
not sure if this is the case in France but many countries "protect" valuable historical buildings by law.... which means you're not only limited in what you can do with your property but also obliged to keep it in certain condition

This is a right thing. You don’t want to see a beautiful castle transformed into a minimalist monstrosity.

 

[brianK]

Best tax optimization stategy for France is to leave France.

The usual response that can almost be applied to all such issues with the local tax authorities or an excessive tax burden.

 

[Alonzo]

The funny thing is that there's plenty of buffoons that get paid to give dangerously wrong advices like this one.

There are so many shitty accountants around the world

 

[daniels27]

There are so many shitty accountants around the world

That's why governments should refrain from requiring audited statements as they are more often than not much worse.

 

[lagloriacubana]

That's why governments should refrain from requiring audited statements as they are more often than not much worse.

Most government decisions are stupid and irrational, can’t expect them to do anything sensible.

 

[redeye]

Are all the wealthy people leaving France, just like they are leaving England and Norway? Or is it something else you're referring to when you say these castles are being sold cheaply?

 

[treasureinyou]

You could also look into the SASU a bit more costly to setup.

Or split activities. Micro enterprise up to threshold and remaining on a SASU. if you have 2 DIFFERENT activities.

as of today 30% on micro enterprise is unfortunately not that bad.

(I'm not a tax advisor, do your due diligence)

 

[JohnnyDoe]

Are all the wealthy people leaving France, just like they are leaving England and Norway? Or is it something else you're referring to when you say these castles are being sold cheaply?

Those who could or were smart enough already left, leaving behind their belongings.

 

[daniels27]

Or is it something else you're referring to when you say these castles are being sold cheaply?

Castles are pretty much anywhere sold cheaply. Maintenance is just too costly.

 

[providenceventurer]

hi everyone!

I have a problem that I had to anticipate but unfortunately things decided otherwise!

I'm currently running a micro enterprise in France, and I have a 50% rebate on my charges which ends this month.

Without this abbatement, my margin won't be high enough to continue growing at the speed I'm aiming for!

I had consulted a chartered accountant in the middle of the year, who confirmed that I could open a limited company in one country (e.g. Gibraltar) and pay myself a salary in France.

I would then pay corporate tax in Gibraltar and income tax in France.

So my questions are, can I actually do this? Who can I turn to (because there are 1,000 different websites on the Internet promising an easy, quick,... )? And if all this is possible, how much could it cost me?

My business is mainly Rencontre affiliation and I'm just starting to promote moderates (OF). ( Last year's income ≃ 50k € and that was simply profit, I had no expenses., it's the first year and the beginning of the year was very good so for a bracket say I'd do between 30k and 70k annual.Next year I will have expenses ( between 1/2k monthly )

Why not reroute the earnings via a seychelles ( partner)company get paid via crypto for a percentage?

 

[wonderfulboy]

Castles are pretty much anywhere sold cheaply. Maintenance is just too costly.

Sounds like it could be a new niche. Transforming French châteaux into eco friendly, CO2-neutral homes by insulating them and equipping them with solar panels or other renewable energy sources, so the costs of running a château are on par with an average household.