Tally Ho. Rigginginteresting vid today about

[Seven Spades]

If he returns the UK he will get clobbered for VAT, I wonder if he has a budget for that and how it would be valued.

 

[steveeasy]

id suspect. There is plenty left in the kitty for that stuff. A similar boat built on the Hamble, I say similar but I suspect not quite so traditional in design cost around 2 million. Who would set the value of Tally Ho? Blimey that’s a lot of VAT to pay!!!
Id not bring her back.
Steveeasy

 

[Stemar]

Or just make sure he keeps non-dom status and has the boat registered offshore. He must have some sort of US residency, as he doesn't have the visa issues that Magic Carpet do.

The other possibility would be to persuade HMRC that all he did was repair the boat. I rather doubt that those who break their boats abroad pay VAT on the repairs when they came back.