Help For Tax optimization [ France ]

[void]

JohnnyDoe said:
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.
Click to expand...

you mean something like Italian villages for 1 eur? 🙂

 

[JohnnyDoe]

void said:
you mean something like Italian villages for 1 eur? 🙂
Click to expand...

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:

Toggle signature

@JohnnyDoe ”“ Your #1 Source for Guidance in Different Offshore Fields​

 

[Mercury]

lagloriacubana said:
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.
Click to expand...

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

 

[Mercury]

JohnnyDoe said:
In France, for example, for an asking price of 1.6m you get this 3000sqm castle with 26ha of land:
Click to expand...

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

 

[JohnnyDoe]

Mercury said:
Yep but how much to revamp
Click to expand...

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

Mercury said:
and maintain it over the years?
Click to expand...

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.

Toggle signature

@JohnnyDoe ”“ Your #1 Source for Guidance in Different Offshore Fields​

 

[lagloriacubana]

JohnnyDoe said:
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.
Click to expand...

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

 

[JohnnyDoe]

lagloriacubana said:
How do you stay out of French tax net by having a permanent house available to you there?
Click to expand...

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

Toggle signature

@JohnnyDoe ”“ Your #1 Source for Guidance in Different Offshore Fields​

 

[Mercury]

JohnnyDoe said:
And remember, living in peaceful 26ha in the countryside will save you big hospital bills later.
Click to expand...

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]

Mercury said:
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.
Click to expand...

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]

void said:
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
Click to expand...

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

Toggle signature

@JohnnyDoe ”“ Your #1 Source for Guidance in Different Offshore Fields​

 

[brianK]

Marzio said:
Best tax optimization stategy for France is to leave France.
Click to expand...

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

Toggle signature
Winners never quit and quitters never win....

 

[Alonzo]

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

There are so many shitty accountants around the world

 

[daniels27]

Alonzo said:
There are so many shitty accountants around the world
Click to expand...

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

 

[lagloriacubana]

daniels27 said:
That's why governments should refrain from requiring audited statements as they are more often than not much worse.
Click to expand...

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?

Toggle signature
Only the early bird catches the worm.

 

[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]

redeye said:
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?
Click to expand...

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

Toggle signature

@JohnnyDoe ”“ Your #1 Source for Guidance in Different Offshore Fields​

 

[daniels27]

redeye said:
Or is it something else you're referring to when you say these castles are being sold cheaply?
Click to expand...

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

 

[providenceventurer]

HarryMen said:
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 )
Click to expand...

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

 

[wonderfulboy]

daniels27 said:
Castles are pretty much anywhere sold cheaply. Maintenance is just too costly.
Click to expand...

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.