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i'm French. I have a 73 feet yacht and i pay taxes. And you?

Discussion in 'General Yachting Discussion' started by eimberk, Mar 17, 2016.

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  1. eimberk, Mar 17, 2016
    #1
    eimberk

    eimberk New Member

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    i'm the new owner of a french guy couach 2200 fly with mtu engine 12V2000 . and in france we have taxes on the engine. it cost me 13000 euros PER YEAR; a crazy price !!.
    what about you in usa or other places. you have taxes also on the yacht boat?

    i live in my boat, so i have all my money spend for my boat. i will not be able to have something else
  2. Liam, Mar 17, 2016
    #2
    Liam

    Liam Senior Member

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    I always like Guy Couach.

    In Malta if you are a private owner doing your own business you do not pay taxes on boat, only a 200 EURO registration.
    Goes like that fom 8 up 23.99 meters. Enjoy.

    Yachts turn around so much money that its stupid to tax them IMO.
  3. eimberk, Mar 17, 2016
    #3
    eimberk

    eimberk New Member

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    i'm a private owner and i live on my boat. work on my boat. i'm ready to move to malta
    . because here they are crazy .
  4. Pascal, Mar 18, 2016
    #4
    Pascal

    Pascal Senior Member

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    There are no federal taxes annual on boats here in the US but a few states do charge a property taxes. Most don't... So usually the answer is no taxes.

    No annual registration fees either at the national level but usually we pay an annual state registratipm which again vary by state but rarely exceed a couple of hundred dollars...

    An again again sales tax (your TVA ) varies by state from 0 to 6 or 7%... Not 18 or 20%?

    Europe, and especially France, is paying the price of 40 years of social warfare and socialist policies...
  5. new old guy, Mar 18, 2016
    #5
    new old guy

    new old guy New Member

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    unless you live in washington state its 10%
  6. HTMO9, Mar 18, 2016
    #6
    HTMO9

    HTMO9 Senior Member

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    I do agree 100 % with Liam, Malta is THE easiest, owner friendliest flagstate for private yachts in Europe. And if you have paid the VAT in France already and as long as you do not charter away, you are free to maneuver and stay with your yacht anywhere in the EU (besides France :( of course) without paying anymore luxury taxes. As Liam says, with yachts below 23,99 Meters, the flag change is a piece of cake.

    Having the berth in Italy or Spain may have one or the other trap incorporated (having income in that countries or owning property there) but the Malta Flag is not only looking far better than the drapeau tricolore or the ensign :), it is the best choice.

    malta-flagge.jpg
  7. T.K., Mar 18, 2016
    #7
    T.K.

    T.K. Senior Member

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    No taxes here......Egypt. Only about EUR 400 a year to renew the local navigation permit. Your tax rates are crazy Frenchman.
  8. eimberk, Mar 18, 2016
    #8
    eimberk

    eimberk New Member

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    you are right ,here it 's absolutely crazy. socialist hate luxury in france. it's make me mad.
    i really think to go somewhere else.
  9. Pascal, Mar 18, 2016
    #9
    Pascal

    Pascal Senior Member

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    That's why I left France in the early 80s... Here I could call myself a political refugee just like the Cubans except that socialism has been here too for 7 years now :(
  10. GFC, Mar 21, 2016
    #10
    GFC

    GFC Senior Member

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    Are you referring to the annual license fee?
  11. olderboater, Mar 21, 2016
    #11
    olderboater

    olderboater Senior Member

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    No, new old guy's referring to sales tax.

    Now, the OP is referring to annual taxes.
  12. ArcanisX, Apr 14, 2016
    #12
    ArcanisX

    ArcanisX Senior Member

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    Property taxes are a practical abolition of the fundamental right, right of ownership. Suddenly, you don't get that right with the ownership itself, you have to keep paying for it.
    For people who are okay with the concept it's good to pay those. For people who don't like it, it's a betrayal of ideals.