Tax Mitigation - VAT
VAT rates are not the same in every EU state and special rules apply to yachts and powerboats. At Golden Anchor, we work with our international partners to deliver a range of practical solutions tailored to your individual needs. These ownership solutions typically combine company structures, finance and investments
Megayachts: (Vessels with accommodation for more than 20 people). Under our scheme the ownership structure allows the yacht to be fully VAT-free, reclaim VAT on purchases, reduce the owner’s potential liabilities and insure directly through Lloyds of London.
Superyachts: (€5m to €20m). Under the superyachts scheme, VAT on purchase is deferred for up to 20 years. During this time the vessel may be chartered or retained for private use.
Luxury Yachts: (€1m to €10m). Using a statutory offshore structure the effective VAT rate falls to under 6% payable over 3 years.
Our VAT mitigation scheme has been fully tested. It does not rely on a “tax loophole” or fall foul of anti-avoidance legislation. Instead, it has been approved by the appropriate state authorities and been reviewed by tax specialists within the “top four” global accountancy practices.