EU VAT status as of 31/12

So if you bought a new boat at say £500k and take it to the EU under TA rules. Have a lovely 18 month holiday, put some decent hours on the clock so it’s now worth £400k. Take it back to the UK (where I want to keep it) and pay VAT on £400k
Thats £20k saved which could contribute to your 18 month holiday quite nicely.
Have I missed something? (This is a retired person talking of course)
Would never be that much , if any form of depreciation in 18 months. Most boat owners want to keep there boat of a set value, not de-value them. Plus the transport costs, quite right Stelican .
 
I think you can stay longer , up to a year , if you obtain a long stay visa.
Which long stay visa?

Schengen doesn't have a long stay visa, only work permits.

Long stay visas are available in individual countries but not many allow them for tourism, most require a fixed address, health insurance, proof of income etc. And many countries see it as the start of the process of residency. Over 6 months and you become a taxpayer in that state.

RYA and Cruising association have both been over this ground.
 
Which long stay visa?

Schengen doesn't have a long stay visa, only work permits.

Long stay visas are available in individual countries but not many allow them for tourism, most require a fixed address, health insurance, proof of income etc. And many countries see it as the start of the process of residency. Over 6 months and you become a taxpayer in that state.

RYA and Cruising association have both been over this ground.

I didn't say it was simple or free of charge .
However it does appear possible to get a 12 month visa for leisure/tourism for France for example.
Tourist or Private visit | France-Visas.gouv.fr

Leaving the EU is what the UK majority of people voted for (not me).
 
That’s very good
I paid £5k twenty years ago for an 11m Uk to Spain and that was discounted because they had a return job. Through France and Spain they had to have a “Convoi Exceptionnel” escort
The difficult bit is Italy, their rules are a bit more stringent than France's, That cost is as cargo on a ship as it is cheaper to Rotterdam than to Antwerp where I was originally wanting it, Antwerp has very high port charges.
 
I think you are all being a bit harsh on David's scheme.
There are loads of advantages.

Firstly, he can take his new 500k boat out of EU waters just before the 18 months is up for one day and then take it back into Europe where he had been keeping it.
He can then keep it there for another 18 months.
He hasn't been able to do this in the past because he was an EU resident - now that he isn't this scheme is open to him.

Secondly, I agree absolutely with his estimation of the depreciation. In fact, I think he could claim more depreciation than that.

Thirdly, you missed one of his points - HE IS RETIRED
Being retired myself, that makes a huge difference.
He has the time to do all this.
So, if he wanted to bring this (now 400k) boat back to the UK, he could plan to bring it back on its own bottom and ENJOY transporting it.

But, I believe that David is a guy who likes the Med and would want to have spent his 500k on a boat that would be most suited to the his use in the warmer waters.
In that case, why should he bring it back at all.

The only "nigger in the woodpile" here (whoops thats not PC) is the 90 days in 180.
Actually 90 days in 180 isn't that bad - work it out - thats 90 days in any "rolling" 180 days.
I can (and intend to) live within that.
However, and probably the subject of a separate thread, I believe that, as things start to cool down, UK residents will be able to spend more than the 90/180 days.
Think about it.
If the Europeans make it difficult for UK residents to stay in their holiday homes (boats in our case), there will be an exodus of Brits selling up.
The value of them selling isn't relevant to my point.
My point is that it would end up with millions (maybe billions) of euros leaving Europe.
Remember, the properties wouldn't be bought by Brits because (in my sceneraio) the Brits don't want the properties anymore.
So these properties would more than likely be bought by other Europeans, in which case, euros leave the EU.
I'm not sure that Spain can afford this either.
So, it is my view that there will be schemes (probably VISAs) to encourage those UK residents to keep their properties in the EU.

Anyway, back to the point.
David's scheme has lots of merrits.
 
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