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10 JAN

VAT on profit margin : Alerion continues its action with property dealers

    Stanislas VAILHEN

  10 January 2011

After having obtained deductions in 2010, Alerion (Stanislas Vailhen) continued the action it had begun with property dealers back in 2009. It was able to obtain a refund of VAT on the profit margin due to the incompatibility between French and Community law. Its action took the form of a claim permitting to obtain a refund of the VAT on the profit margin on transactions by the property dealers made in 2009 and 2010 (TVA on the profit margin paid in 2009 and 2010), plus late payment interest, as well as the VAT on the profit margin paid on the basis of prior years when the tax reassessments were notified as of January 1st, 2008.