Thread: Boats and Taxes
View Single Post
  #3 (permalink)  
Old 05-03-2002
gnorbury gnorbury is offline
Member
 
Join Date: Mar 2002
Posts: 54
Rep Power: 11
gnorbury is on a distinguished road
Boats and Taxes

VAT is simply sales tax. In the UK it costs an astounding 17.5% (not sure about Belgium), but the good news is you are exempt provided you export the purchase within a specific timeframe.

The bad news is you will likely need to pay import duty if you plan on eventually registering/documenting the boat in the US.

Graham
Reply With Quote Share with Facebook
Sponsored Links