Recent content by Dogone

Yes, 10% paid to lawyers, who are bound by the rather well negotiated MYBA MoA. I haven’t yet seen Court papers, but the appointment was not later than 16 days after signing and presumably the application was made some days before then. It is possible, but in view of family involvement I think...

Update time. We bottomed the VAT thing with some good paperwork that appeared finally. Also am getting a T2L certificate hopefully. I am reassured on it. After very much agony I went under contract. A week later the seller is made a ward of the Court. So now I’m under contract to a senile...

What you say makes sense and does reduce the perception of risk somewhat as the previous owners were Italian and kept her in Italy for all of her 7 years. It's hard to imagine they would not be happy with her status, but she will probably move to Greece eventually, so I will also have them to...

Thanks for your comments. I believe Malta will issue a confirmation of VAT status for Maltese VAT payments, which used to be at a much lower VAT rate, but this is a Malta registered boat, with an Italian leasing scheme and two former Italian resident individuals as owners. The first invoice...

So, we are nearly there. Deal and contract agreed, but not yet executed. Title is established, just the VAT as a hurdle. The boat is on its second owner. The first owner was an Italian with the boat registered in Malta and bought via an Italian leasing company. The final invoice is available...

UK funders of moderate amounts require you to be on full UK part 1. Not the SSR. I've encountered this issue before. No doubt there are outliers and exceptions. They need to easily get their money back should things go bad and this rule protects them fairly well because mortgages can be...

Yes, it is very cheap, but it's no use if I want to secure finance on it. I may do it anyway as in intermediate step to give me a little risk protection and to ensure I don't have hassles with having no yacht registration papers. There is always a period between de-registering and registration...

Thanks for that. I knew there would be more costs, but that adds up to a very expensive service and more than I expected. I'll probably be going to the UK or Jersey. Much cheaper even with the extra tonnage measurement cost. I wonder if Poland might be an option. In the EU, which might make the...

I agree and thanks for the good advice. I will add these to the list. One example of a problem I am having (and there are bigger issues) is there is major damage to glazing and it will be an expensive repair. It was disclosed to me and the broker insisted he didn't want to negotiate on that...

I haven't paid a deposit yet or signed the contract because there are things I asked for as a condition that have not yet been delivered: title papers and documentation of repairs are the main things. Once these are received a lawyer will be appointed and the contract signed. They are pressing...

You too, please don't hold back.

Lost in translation... Never mind. Please chip in and as an Italian your posts are especially welcome.

You are correct, Malta requires a company ownership for a UK citizen and that costs €85/yr plus agent fees and probably legal set up fees. The Malta ship registry is €175/yr. Not a deal breaker, but it may well be best to move to a cheaper jurisdiction and pay the measurement survey costs.

Thanks for that and It all is good sense to me and corresponds to how I plan to proceed. I checked out the MYBA agreement and it is in English Law, so I'm happy about that and will press for it. There are surely excellent lawyers who can do this. I'll look tomorrow. Clyde&Co are a contender...

We are evidently at cross purposes. A deal is an agreement, that's what we have. Your definition of a deal seems to be a binding agreement. A binding agreement is a contract.