Steve101
N/A
It has been put to me that I can save paying the VAT on a boat if I part finance it through the French Government. I've been told it is perfectly legal and I can moor it in the UK straight away. Can anyone elaborate?
Saving money.
- Thread starter Steve101
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claymore
Well-known member
Hmm
Hope this doesn't spell the end of the GP adventures - tremendous reading!!
regards
Claymore
Hope this doesn't spell the end of the GP adventures - tremendous reading!!
regards
Claymore
JeremyF
New member
Yes, I encountered this when offered a new boat by N Coast French dealers. Apparently you can take a lease of 50% of the price of a new boat, and there is no VAT on the lease. So, this means a negative rate of interest, in effect.
You have to keep it French flagged for 3 years, yacht has to be RCD A class, and equipped with offshore safety equipment. Apparently it is to prove that the yacht could leave EU waters, and hence reduced EU. After 3 years you can reflag.
Apparently there are a few 'French' yachts in Haslar. Try and find someone who has actually done this.
Jeremy Flynn
You have to keep it French flagged for 3 years, yacht has to be RCD A class, and equipped with offshore safety equipment. Apparently it is to prove that the yacht could leave EU waters, and hence reduced EU. After 3 years you can reflag.
Apparently there are a few 'French' yachts in Haslar. Try and find someone who has actually done this.
Jeremy Flynn