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