Hi,

I was a little unsure about this area too, so I rang up Pierre et Vacances and asked them. The deal with the VAT is that you don´t have to pay the VAT refund back, if the person buying your property is also going to rent it out. As you can´t (and wouldn´t want to) live in some of these properties for more than six months (even if you opt out of the leaseback scheme), it is more than likely that the next owner is going to rent out the property - therefore you should be aware that there is the possibility that you may have to pay back some of the refund, but it is very unlikely.

Clear as mud?

Andy