Méribel | Chalets Celenia
from 1,767,000 €
Brand new luxury chalets in a fantastic plot in Méribel just a short walk from the centre. A unique location, at an altitude of around 1300 m, this chalet overlooks the Allues valley.
On the edge of Méribel Village, this spot benefits from all conveniences and access to the ski area, in just a few minutes on
foot. A peaceful, revitalizing living environment, connected to the largest ski area in the world 3 Valleys. An opulent architecture, a hamlet in its own right, the chalet fits perfectly into the natural slope of the land and thus creates a real hamlet, embellished by its own central square.
The underground parking preserves the tranquillity of the place.
This chalet will have complete autonomy, both structural and visual, allowing everyone to enjoy life in an individual chalet.
Noble materials will dress the interior, while the purchaser will be accompanied and advised in the customisation of his
property by a professional interior designer. A cathedral-ceiling living room (very high ceilings) with exposed beams and large openings. The terrace is large enough for a family lunch.
We also have access to the best selection of resale properties in Méribel, contact us for listings. We can organise online visits with our consultants on-site, contact us for more info.
Since 2002 FindHomeAbroad has been a specialist in new-build properties in the French Alps (and some projects also in the south of France and the Marbella area in southern Spain), all located in the prime areas of all the main French ski resorts.
Our team can look after you in-house for the entire purchase cycle, meeting you in London (or via Zoom) and introducing you to the ski resorts, developers and holding your hand throughout the purchase process. We will be introducing you to the right French notary free of charge for the best tax advice to non-residents, assisting, sourcing and installing furniture if need be, purchase structure advice, signature by proxy in London, French mortgage, ongoing rental management and recovery of the 20% VAT if applicable.
We do not charge you anything for the agency work and we hold your hand the entire way through the purchase process until you are the owner, we are retributed by the developers on commission generated by the sale.
French Tax on rental income
You can offset running costs against rental income tax, as well as mortgage interest, an ‘inspection trip’ to the property each year, you can offset the notary fees over the first 3 years, you can also depreciate 100% of the furniture over 7 years and around 90% of the value of the property (around 10% is classed as land) over 25-30 years. The generated provision can actually be used even once you have fully-repaid your mortgage.Add all this up and there will be limited/no tax to pay on your French property, on the rental income for many years. Actually, with a French mortgage in place many clients have paid no tax on rental income for 15-20 years. . Please note this is just as a guide and you should take professional advice on the taxation from a French notary (we will make an introduction).
Buying new or off-plan also has various exceptional benefits:
- You can modify the floor plan to your liking (within reasons of course), as long as the construction stage permits.
- Reduced stamp duty and notary fees of only 2.5% average (based on the French property price, the higher the price the lesser the percentage) instead of 7-9% for an existing resale property.
- Ability to reclaim the 20% VAT on a new build if you rent it when you are not using it though one of the management companies that are in place for each project.
- More energy efficient as new regulations are a lot tougher than 10-20 years ago (important in the mountains!).
20% VAT reclaim explanation The 20% VAT that is refunded to you is amortised over 20 years. The 20% VAT rebate is a healthy discount from the government as a result of you putting your property into the local rental pool on an ongoing basis.
The property must be new build, rented furnished on a short term basis with an agency using the right rental mandate, offering a minimum of three hotel-type services for example cleaning, laundry, welcoming clients (key holding) or breakfast provision.
At FindHomeAbroad we put you in touch with the best tax firm in the French Alps to set the system up for you. The cost is minimal around 300€/year for most clients if you wish to claim the VAT back and then use them to declare and optimise your rental income in France. Their team of accountants will apply for the 20% rebate within a few months after you become the legal owner (often before delivery for off-plan properties) and the full 20% will be delivered to you. You will be sent a note describing the VAT recovery procedures and a document to give to the tax authorities on request.
The rental agency will manage, maintain and rent the property on your behalf. You will be of course be free to use your property whenever you want (you’ll just need to tell the agency before the beginning of the ski season when you are planning to occupy your property or let them know if you have a last-minute wish to stay in your property. You don’t want to have them let your property if you are already staying there!).