I am just completing on a 1984 sailing boat, 12m with VAT paid in Spain!
Boat is registered in Gibraltar!
I am British with a UK address but have been resident in Spain
in the past, the boat is in Valencia at the moment.
Are there any clear benifits for me in keeping the Gibraltar
flag, its seems there is a yearly cost of 350uk pounds to the company that looks after all the paper work in Gibraltar
, ive also been quoted 500pounds by them to have boat put in my name from current
owner while keeping the GIB Flag, plus 980 pounds if i wanted to change it to a UK flag later! We are due to complete on the boat next week, would I just be better to imediately put it onto a UK flag right away as I would get rid of the yearly 350 pounds fee?? Many thanks!