Spain, 12 month marina contract and tax.

[hoppy]

Are there any tax implications of having a 12 month contract at a marina in Spain for an EU registered yacht?

I know that if I stay more than 182 or whatever days I would be regarded as resident for taxes and thus be taxed on my yacht, but I am not clear about what happens if I leave my yacht there and only spend my holidays in Spain.

[goboatingnow]

Originally Posted by hoppy

Are there any tax implications of having a 12 month contract at a marina in Spain for an EU registered yacht?

I know that if I stay more than 182 or whatever days I would be regarded as resident for taxes and thus be taxed on my yacht, but I am not clear about what happens if I leave my yacht there and only spend my holidays in Spain.

With an EU yacht , no implications.

Dave

[Prairie Chicken]

No implications we're aware of, and we've had our boat there for over 20 years.

[snowflakeKeyWes]

If you are paying for Marina then you will be charges G5 Tax regardless of where you are registered only way to avoid this is to place in Dry Storage

[goboatingnow]

The G5 is a low level harbour tax, collected sporadically around Spain , more not then often , the IDSMT is the matric tax which is only due if you become a tax residence.

The G5 can be ignored in that its small beer

Dave

[hoppy]

Thanks everyone. Now I know there is nothing to "fear" about moving the boat to Spain.

I have now found an old page on Noonsite about the Spanish taxes. Not that it would be a worry to me, but getting caught up in the Matriculation tax besides being expensive would be a real pain with the need to re-register the boat and take the Spanish skipper exam in Spanish
Update on Spanish Taxes applied to Foreign Registered Boats — Noonsite

I'm not sure if I want to move over there, but at least I now know it is an option

[rabbi]

Originally Posted by goboatingnow

The G5 can be ignored in that its small beer

I think its around € 0,0438 per square meter and day.
So even for a smallish cruisin cat this quickly sums up to 100€ per month. Not a big deal in relation to Mallorca berthing prices but still