Sample Page

€

Cost of yacht

30,000,000

Value in 5 years assuming 4% pa depreciation

24,000,000

Annual rent

1,200,000

VAT payable thereon at 20%

240,000

Set up costs – own SARL

50,000

Annual fees

60,000

Importation via Italy

10,000

All legal fees for both parties paid by the client

NOTE: VAT if paid in full at the mean EU rate of 20%

6,000,000

VAT is payable at the full rate of 20% when in the EU, and 0% when out.
This is the maximum payable

Total costs year 1

360,000

Costs year 2

300,000

Costs year 3

300,000

Costs year 4

300,000

Costs year 5

300,000

Total costs over 5 years

1,560,000

VAT saving

4,440,000