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Old 13-08-2019, 16:21   #76
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Re: Buying a boat in Croatia

[QUOTE=OZ-Sailor;2952120]Hi bellasailor. Yes I ended up buying a Bavaria 40 in Croatia, directly from a Charter company - Dream Yacht charters Who I would highly recommend. It cost me AU$67,000 and I am very happy with her.

Congratulation on your new (to you ) boat! This is pretty good price for 40 footer. That`s about 50K US$? Just for the future reference: was there a lot of negociations involved to get this price? Good luck with your sailing in Med
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Old 13-08-2019, 17:14   #77
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Re: Buying a boat in Croatia

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Originally Posted by MartinM View Post
Hi,

I would suggest to establish or to buy a ready made shelf Ltd company in any EU country. You will be owner of the company as a physical person. Then register this company for VAT. In a such a case VAT doesn't apply for your companie's purchase. You may use EUcountry flag as long you need it before leave the boat home. It will cost you some little money for administrative expenditures with company but on the other hand you save a lot and the boat may stay in EU as long as you need without obligation to leave EU after a certain time.
Anyone know if this is actually true? Any references to support it? I don't understand why everyone in the EU wouldn't do this for every large purchase they made if it was as easy as that. My (very limited) understanding of the VAT exemptions for business purchases of vehicles is that it only covers vehicles that are only used for business. That's not something a cruiser with a shelf Corp could credibly claim in tax court.
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Old 14-08-2019, 05:49   #78
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Re: Buying a boat in Croatia

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Originally Posted by redneckrob View Post
Anyone know if this is actually true? Any references to support it? I don't understand why everyone in the EU wouldn't do this for every large purchase they made if it was as easy as that. My (very limited) understanding of the VAT exemptions for business purchases of vehicles is that it only covers vehicles that are only used for business. That's not something a cruiser with a shelf Corp could credibly claim in tax court.

I've heard it used to work but as you say, it is for business assets. Where a boat is in charter it can work, but authorities are getting wise to it and will potentially expect it to be chartered back to the owner at the going rate (not as a freebie) if it's purportedly part of said business. Risky strategy, not sure it can work for full time cruisers and for leisure owners still a bit on the fiddle unless it's truly chartered for much of the time...
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Old 15-08-2019, 04:13   #79
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Re: Buying a boat in Croatia

There is always a bit of negotiation (wink)

I didn’t want to screw too hard cos they would simply scrimp on the repair works. They also gave me free live aboard berthing once I arrived until the registration transferred so was very happy
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Old 15-08-2019, 06:09   #80
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Re: Buying a boat in Croatia

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Originally Posted by OZ-Sailor View Post
There is always a bit of negotiation (wink)

I didnít want to screw too hard cos they would simply scrimp on the repair works. They also gave me free live aboard berthing once I arrived until the registration transferred so was very happy
Thank you! I always thought prices set up by charter companies are "take it or leave it" type. Glad to hear there are some wiggle room, but I see you point regarding repairs
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