New boat

markc said:
First off, I have never helmed an IPS boat, but a couple of weeks ago I was chatting to a pro skipper who had been out training a new owner of an Absolute 52 on our quay. He said that the main problem with IPS was that builders don't fit bow thrusters to IPS boats, and with med mooring in a cross-wind, he said a bow thruster would be really useful. Seemed to make sense, especially after watching them struggle a few times.
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Speaking as some one with a 20m LOA heavy long keel sail boat with the windage of a juggernaut and no bow thruster, I can tell you that for sure the most tricky med mooring situation is when the wind is dead on the nose of where you want to end up parked.

If it is a cross wind you can point the nose towards the wind and adjust the speed with which you back into the berth as the wind blows the bows around to line up with the berth.

If the wind is on the nose, it will blow the bow off to one side or the other and you have no way of correcting it with out a bow thruster (in those situations we have to call out a marinero in his rubber dink to act as a bow thruster).
 
markc said:
First off, I have never helmed an IPS boat, but a couple of weeks ago I was chatting to a pro skipper who had been out training a new owner of an Absolute 52 on our quay. He said that the main problem with IPS was that builders don't fit bow thrusters to IPS boats, and with med mooring in a cross-wind, he said a bow thruster would be really useful. Seemed to make sense, especially after watching them struggle a few times.
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A bow thruster is only any use if you know how to use the boat without the joystick.
They like to market it as an “anyone can park it” solution. So a bow thruster is a complication.
I’d happily have an IPS boat with a bow thruster and no joystick.
 
jcwads said:
Haha, I thought IPS may get a few comments. I have solid history on this boat, hence a UK purchase. I have even had my resident UK Volvo penta legend cast his eye.

As long as the IPS behaves, the servicing is kinder than my current DPH drives….

Paul - yes keeping her in Antibes. Going to be there a few years more, fantastic place.
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A great boat you have there , I hope all my notes were rectified before you handed over the £££ . Look forward to reports when she’s sat in the sun . All the best and thanks for using mine and Nick Vass services .
 
jcwads said:
I’m pleased to say that I have a new boat on the way. I’ve just sold my Targa 40, she will be missed as it’s such a lovely boat. It’s off for a new life in Holland.

My new boat is a 2015 Fairline Targa 48. All white. I’ve bought her in the UK, but will be shipping to the South of France early next year. I wanted a UK boat as will bring it back in a few years time., plus a solid history and you know what you’re getting 100%.

I’ll be doing a bit of work on her in the UK, including some upgrades and then it’s ready to go. Just now need to learn using an IPS..
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Congratulations on your imminent arrival. I look forward to seeing a few pics when you have them. Exciting times ahead no doubt. What are the upgrades you speak of ?
 
Parabolica said:
Congratulations on your imminent arrival. I look forward to seeing a few pics when you have them. Exciting times ahead no doubt. What are the upgrades you speak of ?
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I’ve got to fit one or two bits to make the boat Med ready. This includes a passarelle. For some reason the original purchaser didnt spec a radar so thats going on, as well as AIS. Plus if budget says yes, a few other bits inc Plotter upgrade and underwater lights. The other half will want to spec out bedding, fabrics and the like too. Off to Southampton boatshow at the weekend to get stuck in.
 
jcwads said:
I’ve got to fit one or two bits to make the boat Med ready. This includes a passarelle. For some reason the original purchaser didnt spec a radar so thats going on, as well as AIS. Plus if budget says yes, a few other bits inc Plotter upgrade and underwater lights. The other half will want to spec out bedding, fabrics and the like too. Off to Southampton boatshow at the weekend to get stuck in.
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Perfect timing then. A great way to celebrate too. Best take a van ! :)
 
VAT .
Temp import it to the EU .Or pay there VAT ?
Pay U.K. VAT if it’s ever brought back , which I think the OP mentioned was a possibility.

Or set up a charter Co in Fr a legit one that will stand the Fr officialdom scrutiny , and bit like U.K. claim it’s none vat able and claim bills etc VAT back .
 
Portofino said:
VAT .
Temp import it to the EU .Or pay there VAT ?
Pay U.K. VAT if it’s ever brought back , which I think the OP mentioned was a possibility.

Or set up a charter Co in Fr a legit one that will stand the Fr officialdom scrutiny , and bit like U.K. claim it’s none vat able and claim bills etc VAT back .
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A lot more work than you think.

The boat will have to be coded to French rules (possible, not expensive, but a major admin hassle). The OP will need a charter contract each time he goes out. Money needs to be paid to the charter company. The charter company needs to be shown to be open to bookings etc (e.g. a web-site for reservations).

The way the VAT works in France is that he will pay the VAT on all his purchases, but can deduct it from the VAT he has to pay for the charters.

It will work for about 2 years before the French tax authorities investigate it properly. And if it is not a real business - i.e. he did not charter out to other people and get close to making a profit, the company will be declared bankrupt, put into administration and if not sold as a viable company, then the assets will be auctioned off. He can obviously make a bid for the assets (i.e. his boat). But the administration fees will make VAT look like a bargain. If he refused all possible reservations, then the company will have been shown to be a fraud - i.e. not a real charter company. This would have very serious consequences - but normally if no money has really been defrauded from the French state (e.g. VAT) they probably won't bother prosecuting that.

Best do it properly through a company in the Cayman Islands which belongs to a trust in Panama which belongs to a trust in the Channel Islands if you want to go that route.
 
westernman said:
A lot more work than you think.

The boat will have to be coded to French rules (possible, not expensive, but a major admin hassle). The OP will need a charter contract each time he goes out. Money needs to be paid to the charter company. The charter company needs to be shown to be open to bookings etc (e.g. a web-site for reservations).

The way the VAT works in France is that he will pay the VAT on all his purchases, but can deduct it from the VAT he has to pay for the charters.

It will work for about 2 years before the French tax authorities investigate it properly. And if it is not a real business - i.e. he did not charter out to other people and get close to making a profit, the company will be declared bankrupt, put into administration and if not sold as a viable company, then the assets will be auctioned off. He can obviously make a bid for the assets (i.e. his boat). But the administration fees will make VAT look like a bargain. If he refused all possible reservations, then the company will have been shown to be a fraud - i.e. not a real charter company. This would have very serious consequences - but normally if no money has really been defrauded from the French state (e.g. VAT) they probably won't bother prosecuting that.

Best do it properly through a company in the Cayman Islands which belongs to a trust in Panama which belongs to a trust in the Channel Islands if you want to go that route.
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Jesus , my hopes of having a boat in the sunshine when I retire are even further away reading this post , if it’s correct of course .
 
westernman said:
A lot more work than you think.

The boat will have to be coded to French rules (possible, not expensive, but a major admin hassle). The OP will need a charter contract each time he goes out. Money needs to be paid to the charter company. The charter company needs to be shown to be open to bookings etc (e.g. a web-site for reservations).

The way the VAT works in France is that he will pay the VAT on all his purchases, but can deduct it from the VAT he has to pay for the charters.

It will work for about 2 years before the French tax authorities investigate it properly. And if it is not a real business - i.e. he did not charter out to other people and get close to making a profit, the company will be declared bankrupt, put into administration and if not sold as a viable company, then the assets will be auctioned off. He can obviously make a bid for the assets (i.e. his boat). But the administration fees will make VAT look like a bargain. If he refused all possible reservations, then the company will have been shown to be a fraud - i.e. not a real charter company. This would have very serious consequences - but normally if no money has really been defrauded from the French state (e.g. VAT) they probably won't bother prosecuting that.

Best do it properly through a company in the Cayman Islands which belongs to a trust in Panama which belongs to a trust in the Channel Islands if you want to go that route.
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I know , but it was still an option worthy of mention at the end of the list of 3 I gave .
 
Have used my bow thruster once in the 6 years I have had the boat. Always check it works before I leave just in case.

Last IPS service (IPS650) was €3500. Service in Mallorca.

VAT - even a new boat around £1m I would not pay VAT. Every 18 months to Algiers for around £10k (inc fuel). Just pay someone else to do it :) Might pay it after 5 years or so depending on price.
 
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