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BOAT TAXES

Discussion in 'Technical Discussion' started by sarnacho, Jul 25, 2005.

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  1. sarnacho, Jul 25, 2005
    #1
    sarnacho

    sarnacho Guest

    Hi friends,

    This question comes to me often, ......wich taxes are you paying in other countries when you buy a new boat?

    In Spain if the new boat is smaller than 7,5 mts (24') we pay 16% VAT.
    If the new boat is bigger than 7,5 mts (24') we pay 16% VAT + 12% registry.

    I think in England and France they only pay VAT (around 19-20%).

    At the end, a spanish yacht owner pays only in taxes 28% of the value of the boat, just when you pay the invoice.

    If the boat is second hand, and at the first delivery the 28% was paid, you only pay 4% (Property Trasmission Tax for used goods).

    Regards,

    Sarnacho