My View. Let's See Yours

  • Thread starter Thread starter Deleted member 478
  • Start date Start date
ingenious said:
Yes, it is very tranquil too. The front of the house is on a street that is quite close to the main street but not much traffic.
The other house I looked at today had terrace with a great view but not much shade. Another to see Monday but the first is so perfect - fully furnished and ready to go. I also met the lady who looks after it for the current owners and she is lovely. She was cleaning as today was a changeover day and was very thorough. She is delighted that I would be living in it over the winter.

View attachment 191684
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Nice place - congratulations.

Laurens is a great area.
Should you move the boat to Cap d'Agde, in Summer you should allow 1H to 1H15 to get to the boat.
From Bezier to Cap d'Agde it will be start/stop bumper to bumper traffic early AM and late afternoon.
 
Koeketiene said:
Nice place - congratulations.

Laurens is a great area.
Should you move the boat to Cap d'Agde, in Summer you should allow 1H to 1H15 to get to the boat.
From Bezier to Cap d'Agde it will be start/stop bumper to bumper traffic early AM and late afternoon.
Click to expand...
It's actually Pézenas rather than Laurens but close, A lovely Medieval centre.
I've committed to the boat this morning and meeting with broker and current owner this afternoon. Unless the surveyor (Wed or Thurs) finds something drastically wrong, it's mine.
My lawyer friend has found it is easier to set up a new SARL to buy the house rather than buy the existing one so he's doing that with me and my two sons as shareholders. This will take about 2 weeks.
 
ingenious said:
It's actually Pézenas rather than Laurens but close, A lovely Medieval centre.
I've committed to the boat this morning and meeting with broker and current owner this afternoon. Unless the surveyor (Wed or Thurs) finds something drastically wrong, it's mine.
My lawyer friend has found it is easier to set up a new SARL to buy the house rather than buy the existing one so he's doing that with me and my two sons as shareholders. This will take about 2 weeks.
Click to expand...
SARL rather than SCI??
 
My impression was a SARL was effectively a limited company and used for commercial transactions and although at one time SCIs were popular they don't seem that common now.
 
ingenious said:
Hmm, I don't know. Didn't know such a thing existed, I just assumed a SARL because the existing arrangement is one but the email just mentions "new company" without specifying. I'll give him a call.
Click to expand...
I was asking as SCI is more common for a company which owns and manages real estate.
I do not know what the pros/cons are.

One thing to consider is that it is expensive to take money out of one company to put into another.

I.e. if you already have a company in relationship to real estate, it might be a bad idea to create another.
With one company you can use the profits from one property to invest in another one to bring it up to scratch without having to pay and company income tax, nor any personal income tax on dividends when you take the money out of the company to put into the other.
 
westernman said:
I was asking as SCI is more common for a company which owns and manages real estate.
I do not know what the pros/cons are.

One thing to consider is that it is expensive to take money out of one company to put into another.

I.e. if you already have a company in relationship to real estate, it might be a bad idea to create another.
With one company you can use the profits from one property to invest in another one to bring it up to scratch without having to pay and company income tax, nor any personal income tax on dividends when you take the money out of the company to put into the other.
Click to expand...
Talked with my lawyer man and he thinks a SARL is the best option particularly as the house has been run by one already.
Neither my cottage in Norfolk nor my youngest son's property in Spain are going to be linked in any way to this company. With a SCI any liability from it could impact them or any other assets although it is difficult to see a situation where this could happen.

westernman said:
I still don't.
Click to expand...
The Differences Between SCI and SARL - Buy Property in France
( I didn't really understand the French one either)
 
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