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Old 16-10-2010, 06:20   #1
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Help - Buying VAT-Unpaid Yacht

Hello people.
I intend on purchasing a yacht in Latvia. The vessel is registered as a Latvian boat, but the VAT has not been paid. I am a non EU person (Australian) and upon purchase the vessel is to be taken off the Latvian boat registry and reflagged as an Australian yacht.
I intend to use the 18 month rule before leaving EU and re entering EU to continue sailing under a Australian flag.
Upon purchase will i be liable for any VAT on this boat as it will be a non EU boat being skippered bu a non EU resident.
Also does the seller have any VAT implications for this boat
Hope this makes sense
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Old 30-10-2010, 03:59   #2
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I think as a non eu resident on a non eu boat you have 12 months to bob around the area. After which you may need to swing by a non eu country then go back into the eu should you wish. I am sure google should sort this one out. Not many people here would know the ins and outs of Latvian trade agreements.
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Old 30-10-2010, 09:42   #3
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Technically the yacht must first be exported as part of the sale for you to apply for temporary import relief. This is 18 months extendable in certain circumstances to 24 months. The key thing in this purchase is to make the sale subject to the lativsn customs approval. Then approach the customs and outline the situation they will them certify the export.

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