Tag: PURCHASE OF A YACHT

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Regulation, Taxes

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

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Regulation

Registration of a yacht up to 24 m under the Polish flag

The Department of Shipping Safety and Port Security of the Ministry of Infrastructure has developed materials in English on the requirements for yachts under Polish law. This is a response to the great interest in registering yachts under the Polish flag. Requirements and documents of Seagoing Yachts and other watercraft of less than 24 m in length flying the Polish flag Watercraft Registration Certificate Issued … Continue reading Registration of a yacht up to 24 m under the Polish flag

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Taxes

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

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