Quote:
Originally Posted by Glenn.Brooks
So Iam thinking of buying an EU registered sailboat, located in Europe. I assume as I am a US citizen, I should transfer the boat into US Registry.
If I do this, does the boat loose its EU tax import status when cruising around Europe. If so, are their other options for registering the boat internationally.
No charter or commercial use anticipated... |
The mere effect of changing
registration does not in itself alter the " tax " status of the boat.
If the boat was
sold outside the EU then that will cause a loss of vat status.
As a non EU tax resident you will be entitled to 18 months vat free period anyway.
Once you retain evidence of the boats original vat status, it's very difficult for any
customs official to claim otherwise
Dave
Interested in smart boat technology, networking and all things tech
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