Les Airelles

Frequently Asked Questions

All you need to know about the rebirth of the Chalet Mythique in Les 2 Alpes

Welcome to our FAQ page!
Here you’ll find answers to the most frequently asked questions about the complete renovation of this iconic chalet in the heart of Les 2 Alpes, as well as the exclusive sale of 11 top-of-the-range flats. Whether you’re an investor, a future buyer or simply a fan of Alpine architecture, this section will give you all the key information you need about the project, the services on offer, the timescales and how to buy.

General questions

1. Why invest in Les 2 Alpes today?

Les 2 Alpes is an exceptionally dynamic resort, both in summer and winter. With a price per m² still below €10,000, the resort remains affordable, while offering strong potential for value enhancement and rental profitability thanks to its modern infrastructure and international appeal.

Located in the heart of the premium district of Venosc, the development transforms an iconic former hotel into a top-of-the-range residence. It offers spacious flats with views, just a stone’s throw from the ski lifts and shops, in a secure regulatory environment using the para-hotel model.

The para-hotel scheme allows purchasers to reclaim VAT on the purchase price (a saving of 20%) in return for making the property available as a furnished rental with hotel services (reception, cleaning, linen, breakfast). It also offers tax advantages and simplified professional management.

Yes, the para-hotel system guarantees freedom of use: you can choose when you want to occupy the property yourself and rent it out the rest of the time to maximise profitability. The key is to prove that the property is being used for tourism purposes, through serviced rental management.

Les Airelles has set up partnerships with a local concierge service and a specialist chartered accountant. You can choose between direct management or external concierge services.

These solutions guarantee smooth management that complies with tax regulations.

  • Start of works: early 2026
  • Estimated handover: between Q3 and Q4 2027

Tax and Legal issues

1. Can I reclaim VAT on my property investment?

Yes, as long as you provide furnished rental accommodation with hotel-like services (at least 3 of the following 4 services: breakfast, regular cleaning, household linen, reception). This makes the business subject to VAT, so you can reclaim the VAT on the purchase price of the property. In return, you must maintain this activity for 20 years.

As a LMNP, you are taxed on your income in the BIC category, with the option of depreciating the property and significantly reducing the tax base. Capital gains on resale are taxed in the same way as for private individuals, with total exemption from income tax after 22 years and from social security contributions after 30 years.

  • With LMNP, losses can only be offset against LMNP income. With LMP, they can be deducted from overall income, which can significantly reduce tax.
  • Under the LMP scheme, you are affiliated to the self-employed persons’ regime (higher social security contributions), and capital gains are subject to a professional regime, with certain exceptions.
  • LMNP is the default option for investors with rental income of less than €23,000 a year, or where this income represents less than 50% of the household’s total income.

You must :

  • Keep full accounts and produce an annual tax return (form 2031)
  • Declare and pay VAT periodically
  • Make an initial declaration of activity (to obtain a SIRET number)
  • The use of a chartered accountant is strongly recommended for tax and accounting monitoring and VAT recovery.

Yes, but only if you pay a rent equivalent to that of a third-party tenant, in order to comply with the principle of VAT collection. This rent is then taxable as BIC and the VAT must be paid to the Treasury. Unrestricted personal use would jeopardise VAT recovery. In practice, you should therefore plan to pay back the equivalent of the VAT as if you had received rent.

  • You will be required to repay part of the VAT deducted, in proportion to the number of years that have not elapsed (1/20th per year). For example, if you sell your property after 12 years, 8/20ths of the VAT initially deducted will be refunded. This applies unless the resale is accompanied by a commitment by the purchaser to continue the para-hotel business.