Once more a great info presented in the most down to earth and easy to understand manner. You are a legend David! Admirations for all you do for the industry. You set the bar high! Regards from Bulgaria!
Great to hear you talking about the importance of the correct structure for the yacht that is aligned to the personal tax aspirations of the owner. As you know, the days of handing out BVI and Cayman shelf companies like sweets are long gone as it is now critical to fully understand the personal tax position of the owner. Only by speaking to the owners personal tax advisors will you get this as just going along with the owners often simplistic approach can result in issues or the need to unwind and re-build the structure. Positioning a company at the time of signing the build contract rather than prior to delivery is also another area of change from historic protocols. Perhaps we need to get together and dive a bit deeper into this topic, I also have some interesting stories about why some owners have chosen certain flags. Bruce Maltwood - Sarnia Yachts
How did you discover reclaimed VAT?
Once more a great info presented in the most down to earth and easy to understand manner. You are a legend David! Admirations for all you do for the industry. You set the bar high! Regards from Bulgaria!
Thank you so much for your kind words.
Greetings from the beautiful Maldives. The information is extremely useful and valuable.
Great to hear you talking about the importance of the correct structure for the yacht that is aligned to the personal tax aspirations of the owner. As you know, the days of handing out BVI and Cayman shelf companies like sweets are long gone as it is now critical to fully understand the personal tax position of the owner. Only by speaking to the owners personal tax advisors will you get this as just going along with the owners often simplistic approach can result in issues or the need to unwind and re-build the structure. Positioning a company at the time of signing the build contract rather than prior to delivery is also another area of change from historic protocols. Perhaps we need to get together and dive a bit deeper into this topic, I also have some interesting stories about why some owners have chosen certain flags.
Bruce Maltwood - Sarnia Yachts
Is it helpful to know the yacht designers in luxury yachting industry on new build yachts
To be Frank and honest,a potential buyer would be able and supply a bank credit statement..just saying
"qualified buyers"
"half hitch"