Originally Posted by axel
So sad to hear that you will not be buying the Salona after all. You have given us readers so much pleasure through this thread, and I am sure we all were happy for you because you seemed to have found the right boat for yourself. Too bad that it didn' work out!
Anyway, best of luck in your new hunt for a used boat. There are many interesting boats out there, as any reader of this thread knows
And of course, looking for a new boat is exciting, so enjoy!
However, I didn't quite understand the tax problem. Is there any particular reason why you wanted to fly a French flag? Would the problem be solved if you gave the boat a Turkish flag? You might even choose to register the boat as belonging to my country, Norway, also outside of the EU. I believe you do not need to pay the Norwegian vat as long as the boat is not brought into the country.
Maybe I end up with a better boat
. I mean things are so bad in Europe and price of used boats are coming down so fast that maybe I can buy a 4 year’s old boat that I could not afford any other way. Of course It will not be a new one but my budget just don’t allow a new boat, at least one with the characteristics I want.
Regarding the French flag it is really complicated and has to do with the fact that the Italians and the French have a legislation that permits a boat to be bought in leasing paying only 50% of VAT and ending up with all VAT paid. More than that, If a boat is out of EC waters and it is in leasing it will not pay VAT on the leasing while it is there. If the boat was paid in a 4 years leasing and was out of the EC 4/5 of that time and then come to EC waters it would only pay 1/5 of the VAT and would have all VAT paid, at least it was like that. Not anymore.
As the biggest leasing companies for boats are French (to take advantage of that) the boat would have a French flag since it would be property of the leasing company till the end of the leasing.
Theoretically it could have another banner, including a Portuguese one, but Portugal demands an inspection on the boat equipment and the boats have to come or be in Portugal and I wanted to maintain the boat in Croatia. Anyway from the next year on the rules are going to change and only French and Italians could benefit from those 50% on the VAT.