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Yacht Purchase: The Most Common Legal Mistakes Buyers Make

Yacht purchase mistakes are surprisingly common, largely because buying a yacht is often the fulfilment of a long-held dream. It is usually an emotional decision, we see a beautiful vessel, imagine deep-sea voyages and a fast sail into the sunset. However, behind this romantic vision lies a complex legal transaction that, if handled carelessly, can quickly turn a dream into a costly nightmare. Here are … Continue reading Yacht Purchase: The Most Common Legal Mistakes Buyers Make

Purchase of a new yacht in another EU country and IAC

In a situation where a natural person purchases a yacht from another natural person from abroad, such an event does not give rise to VAT consequences. The situation is completely different when it is the purchase of a new yacht. Definition of a new means of transport According to Art. 2 point 10 of the Act of March 11, 2004 on tax on goods and services (Journal of … Continue reading Purchase of a new yacht in another EU country and IAC