Cruisers Forum
 


Join CruisersForum Today

Reply
 
Thread Tools Rate Thread Display Modes
Old 16-10-2010, 07:20   #1
Registered User

Join Date: Oct 2010
Posts: 1
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
Thanks
__________________
halcyonau1 is offline   Reply With Quote
Old 30-10-2010, 04:59   #2
Registered User
 
ozskipper's Avatar

Join Date: Aug 2010
Location: NSW Australia
Boat: Traditional 30
Posts: 1,981
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.
__________________
ozskipper is offline   Reply With Quote
Old 30-10-2010, 10:42   #3
Nearly an old salt
 
goboatingnow's Avatar

Cruisers Forum Supporter

Join Date: Jun 2009
Posts: 13,649
Images: 3
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.

Dave
__________________
goboatingnow is offline   Reply With Quote
Reply

Thread Tools
Display Modes Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Buying a yacht in Florida mercedes 21 Meets & Greets 14 20-10-2011 19:02
Question About VAT for Non-EU Registered Yacht PatrickS Rules of the Road, Regulations & Red Tape 16 11-10-2010 16:52
EU VAT Paid on Non-EU Registered Yacht hoppy Rules of the Road, Regulations & Red Tape 15 09-10-2010 13:44
VAT Info - Buy a Yacht and Save Taxes... schipperaccio Dollars & Cents 8 22-10-2009 08:35
Five Things to Ask when Buying Liveaboard Yacht giselle Dollars & Cents 13 05-09-2009 21:10



Copyright 2002- Social Knowledge, LLC All Rights Reserved.

All times are GMT -7. The time now is 11:01.


Google+
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.
Social Knowledge Networks
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.

ShowCase vBulletin Plugins by Drive Thru Online, Inc.