High-Priced Hotel in France Faces Seizure Due to Unpaid Taxes Totaling Millions
The Geissens, a family embroiled in a tax saga, have put a temporary hold on the auction of their swanky French Riviera hotel. The newspaper "Bild" reported that the family filed an appeal to stall the auction indefinitely.
Now, you might wonder, why the fuss about a luxury hotel owned by the Geissens in France? Well, it seems they owe the French government a cool seven million Euros in back taxes. The state alleges that the family unjustly claimed tax benefits for the property, misusing certain tax advantages that were meant for properties sold within five years of purchase, but the Geissens have owned the hotel since 2008.
This legal battle could drag on for months. The court's decision on a potential new auction hinges on their review of the Geissens' appeal. Our website previously reported that the French state is demanding a significant sum from the family, including back taxes from 2010 to 2022, late fees, and penalties.
While the Geissens' appeal delaying the auction is major news, it doesn't guarantee a complete reprieve. The court could still decide to proceed with a new auction in the coming months. Keep your eyes peeled for updates on this juicy legal drama!
What about the potential new auction for the Geissens' French Riviera hotel? The court's decision will be influenced by their review of the family's appeal. Regardless of the delay, the family still owes a significant amount in taxes, fines, and penalties to the French government. The auction was halted due to an appeal against the back taxes that amount to seven million Euros, but it doesn't erase the need to address their financial obligations in the business sector.
