Med to Caribbean Crossing Dilema - Schengen Problem?

[goboatingnow]

Originally Posted by barnakiel
Med, because of its mind-bludgeoning homogeneity of its EU shores, would be my last choice to stick around.

if your tired of the Med your tired of life.

as to the "mind-bludgeoning homogeneity of its EU shores" actually half the problems are that it is not.

Dave

[PamlicoTraveler]

Originally Posted by barnakiel

Med, because of its mind-bludgeoning homogeneity of its EU shores, would be my last choice to stick around.

That's gotta be one of the craziest statements I have ever read on a cruising forum,

[Lagoon4us]

Wow i'm wasting my time here in 'PARADISE' I needs to get cracking to the Red Sea or better still Syria!!!!!! What a dumb statement....

[terra57]

Originally Posted by skipmac

Oh Really? Now that may shoot down my plans, depending. So what sort of tax might a tax resident have to pay? I won't be earning any money there so wouldn't be worried about income tax.

And VAT? Also not a worry unless they would want to charge me VAT on my boat. That would obviously be a deal breaker for this plan.

Methinks a little further investigation is warranted.

A tax resident in Spain pays 12% luxury tax on their property in Spain. VAT would be in addition to that.

[terra57]

[QUOTE=goboatingnow;1001411][QUOTE="terra57"]This is .....

The 6 month/ country rule to avoid EU taxation is not a problem. You place your boat in bond after 180 days and take it out of bond when you leave the country or your time out expires. We have not been charged for the bond.

...

Of course this is nonsense advice. as long as you are not a EU tax resident you never need to bond your boat. There is no 180 day rule for boats. It's 18 months extended to 24. In practice as long as you aren't a resident you can keep it there forever. There is never a requirement to "bond" a boat.

Dave

The problem is not the VAT tax, the Bond in Spain allows you to avoid the 12% Spanish luxury tax that kicks in after 6 months, which includes boats as well as other 'luxuries'. This is separate from the VAT.