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.
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