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Montanan Montanan is offline

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  1. Paulwr20
    Hi Montanan.
    May I draw on your Eu vat knowledge?
    I am currently in the process of purchasing a yacht (deposit paid). as follows…..
    Seller is a non Eu individual.
    Yacht is lying in Spain. (Last re entered Eu 3 months ago)
    Yacht is registered in Gibraltar.
    I am Uk resident.
    Planning to maintain British flag (either Uk or Gibraltar).
    Broker is Portugal based.
    Yacht is being sold as “Vat not paid”.

    The broker assures me that as I am a non Eu citizen and plan to maintain Uk/Gib registration, I will not be required to pay Vat to either Spain, Portugal or indeed in the Eu. As I will be able to proceed happily under T.I rules.

    I really want to proceed with the purchase. Though am I being incredibly naive?
    It would be a problem if I was slapped with a vat bill after the fact.

    If you say that vat will be due by myself, is there a work-around. Ie might I be allowed a time limit to sail it to Gibraltar to reset the TI to my ownership?


    Many Thanks
  2. Yes maybe
    Hi Montanan,
    Looking at past threads, you seem to have a fair knowledge of VAT regulation on boats in EU.
    I'm looking to purchase a boat VAT paid in EU (Italy). USA Flag
    I'm not EU citizen or resident.
    The boat will be re flagged Australian.
    The sale/purchase contract will be USA
    Question:
    Will the VAT paid status follow the boat through the sale/purchase and reflagging process?
    Thanks in advance, any info greatly appreciated.

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  • Last Activity: 04-10-2022 08:10
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