Selling VAT exempt 1979 yacht in Europe

[kunyang]

I am thinking of selling my yacht in Italy, where I'm currently berthed. She is TAX exempt pre 1985 and I have had no problems in Europe. What can I advise any possible new owners? Is it still VAT exempt if sold outside the UK? Any advise appreciated. Thanks.

 

[Tony Cross]

If I were a prospective purchaser I'd want to see some official documentation proving that she is VAT exempt.

 

[Koeketiene]

If I were a prospective purchaser I'd want to see some official documentation proving that she is VAT exempt.

When I recently registered my 1977 built boat a picture of the builders plaque (with year and build number) was accepted by Belgian equivalent of HMRC.

Some info more relevant for UK owners: Yacht VAT Exempt on Age - Sarnia Yachts

 

[Graham376]

The T2L demanded by Portugal and Croatia sometimes, is actually designed to say goods qualify for free movement within the customs area/EU. Presumably, a pre-85 tax exempt boat also qualifies for free movement so, would VAT office issue one?

 

[Koeketiene]

The T2L demanded by Portugal and Croatia sometimes, is actually designed to say goods qualify for free movement within the customs area/EU. Presumably, a pre-85 tax exempt boat also qualifies for free movement so, would VAT office issue one?

T2L | Boating Abroad | Knowledge & Advice | RYA - Royal Yachting Association

How to obtain a retrospective T2L from HMRC

In order to apply retrospectively for a T2L the owner must complete a C88 (Status) form and send it with supporting evidence to HMRC. According to the information given to the RYA by HMRC, the original form (not a copy or a print out from the HMRC website) must be completed and sent to HMRC.


Assuming your application for a T2L is accepted, the form you send in is endorsed by HMRC and returned to you as your T2L.

HMRC info: UK Trade Tariff: other documents and procedures

 

[nortada]

C88/T2L Aide Memoir (British Flagged Vessels)

All you need including the C88 form (which does work!).

So far as I am aware HMRC Salford no longer provides hard copy of the form.

 

[steve yates]

Will this vat paid or exempt proof be valid for uk boats after transition

 

[nortada]

Will this vat paid or exempt proof be valid for uk boats after transition

Ref VAT - a T2L proves nothing‼

 

[Graham376]

Will this vat paid or exempt proof be valid for uk boats after transition

Those countries who (wrongly) ask for a T2L will no doubt accept the boat was in free movement before B day. However, boats not in the EU on B day will lose their status so the document will be meaningless for anyone arriving then.

 

[steve yates]

Is this vat presumed paid status on yachts built before 85 going to continue after brexit? Or will they regard any uk yacht entering eu waters to be a new import after 6 months there?

If they decide they want the vat , would it be the vat on your purchase price? or the vat on the original sales price of the boat back in 1976?

 

[Koeketiene]

Is this vat presumed paid status on yachts built before 85 going to continue after brexit? Or will they regard any uk yacht entering eu waters to be a new import after 6 months there?

If they decide they want the vat , would it be the vat on your purchase price? or the vat on the original sales price of the boat back in 1976?

This is not just a UK rule, but applicable in EU countries as well.
So don't see why this would no longer be applicable to UK yachts after Brexit.