Surprisingly, this question often comes up when our clients return from a memorable luxury yacht charter vacation.
Charter clients seem mesmerized by The Superyacht Experience.™ We’re thrilled! : ) Indeed, it’s hard to imagine any other vacation on par with yachting. It’s an experience where the superyacht serves as a platform for an eco-friendly adventure. Most of all, it’s a chance to reconnect with family and friends, embrace diverse cultures, and rejuvenate mind, body, and spirit.
But is it a “bridge too far” to transition from luxury yacht charter guest to superyacht owner? Actually, it’s fairly common for charterers to become superyacht owners.
Some people purchase a specific automobile make and model after renting one for a long trip. They like how the car looks and handles. Of course, they celebrate how the vehicle whisked them to a new destination, in style and comfort.
Similarly, charterers become enthralled with the creature comforts of a yacht. Certainly, the idea of arriving in an exotic destination on a floating villa is pretty darn appealing.
From there, the intrigue and hunger continue to grow. After all, why limit your family’s enjoyment of cruising to just one or two weeks a year?
The yachting lifestyle is addicting!
WE AT 1-800 YACHTCHARTERS CAN HELP YOU CHARTER OR PURCHASE A YACHT! You win with us because a portion of everything that we earn goes to the charity of your choice! We know the yachts. In addition, we know management. We charter these yachts. Our company knows Captains and professional crew. Most important, we know clients! YOU are important to us. We LOVE our job. 1-800 Yacht Charters cares about the ocean. We care about YOU. Our company works to make a difference every day. We give back. We’d love to be on your team!
Let’s take a look at three, popular superyacht charter vessels currently available for hire, and also available for purchase.
We never quite understood the meaning of Quantum of Solace as the title of the James Bond film. It doesn’t matter – naming superyachts in homage to Bond films is very popular. There are many James Bond boats as we like to call them. For instance, Octopussy, Skyfall, Casino Royale, and others.
There is even a superyacht named after the 2008 Bond film, Motoryacht QUANTUM OF SOLACE. The 72.6m superyacht was built in 2012 and refit in 2017. Here’s our description of the yacht on our charter website.
“Award-winning Proteksan Turquoise motor yacht QUANTUM OF SOLACE is noteworthy for a few reasons. Specifically, her spectacular lines and enormous volume. Charterers enjoy many entertainment and relaxation areas. For instance, her salons, bars, decks, and terraces. She is a Turkish build. The yacht features both interior and exterior design by H2 Yacht Design. QUANTUM OF SOLACE accommodates up to 12 guests in seven beautiful cabins.”
Her weekly charter rate is €560,000.
Her listed purchase price is $58,000,000.
Finally, a yacht with a name we can understand! Well…not really. We cheated and looked up the meaning. In numerology, the number 11 is considered a master number, and it signifies enlightenment. If you pair the number with itself, 11.11, it represents a message from the universe to become aware.
Cosmically, we’ve got a ways to go. However, even we’re aware that Benetti yacht 11.11 is stunning. Here’s a little history from our website on how this yacht came to be.
“Benetti yacht 11.11 is a winner from the 2016 World Superyacht Awards. She is only the second plumb-bowed boat built by the fabled Italian yard. This beautiful lady was originally commissioned to look like a Russian Czar’s palace. Her first owner walked away when the yacht was just 40% complete. A new owner stepped in to transform the yacht into an award-winning monochromatic masterpiece. What a fortunate owner! The current trend is to build yachts with hard, minimalistic edges. This yacht’s main living areas onboard yacht 11.11 offer suppleness and comfort.”
Here is a link to our video by company President, Jana Sheeder, for superyacht 11-11. Enjoy!
The weekly charter rate is €650,000.
The listed purchase price is €59,500,000.
Back in grade school, we were taught Pluto is the ninth planet in the solar system. Now, it’s referred to as a dwarf planet. It’s ok, Pluto – we‘ll still call you the ninth planet!
Avoiding the naming controversy is the 73.2-meter superyacht PLANET NINE. Forget outer space – there’s plenty to explore on earth. This yacht is built for ocean adventure. Our website notes describe this superyacht as a
“…Long-range high-quality luxury explorer yacht with serious go anywhere sea keeping characteristics, heavy build specification and suitable for sailing in ice conditions in accordance with its class notation. Dynamic positioning and suitability for global cruising. Commercially approved helideck suitable for an Augusta Grande dimensionally or larger helicopter in weight, up to 8 tons, with enclosed below-deck hangar.”
The weekly charter rate is €650,000.
The listed purchase price is €85,000,000.
Are you ready to charter or purchase a yacht? Please count on us. Let’s make a difference together. We created to term and the concept, The Superyacht Experience(tm), so we KNOW yachts, and we KNOW what you want to experience! Call, text, WhatsApp, snail mail, or email us today! Put us to work on your behalf! We stand ready.
This entry was posted in Educational Yacht Charter News Video Yacht of the Week Frequently Asked Questions and tagged Charity, Jana Sheeder, Planet Nine, president of 1-800 Yacht Charters, the superyacht experience, 1-800 Yacht Charters, yacht for charter, 11-11, The Superyacht Experience(tm), private luxury yacht charter, Quantum of Solace, yacht sales, James Bond, Planet 9, luxury yacht charter, benetti yacht charter, yacht purchase, buy a boat, boat rental, yacht for sale, motoryacht charter, charter or buy a yacht, buy a yacht
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VAT taxes on yacht charters
Every summer, hundreds of well-heeled travelers migrate to the Western Mediterranean. They travel there to enjoy a private yacht luxury charter vacation. Coastal towns like Nice and St Tropez in France participate. San Remo and Portofino in Italy also host dozens of superyachts. The boats bring charterers from around the world. It is an affluent vacation. Even the wealthy cringe. Specifically when their exclusive yacht rental holiday receives VAT charges often in excess of 12%. They know the value of their hard-earned dollars. We make sure that their memorable and valuable vacation funds are spent wisely.
Imagine spending €725,000/wk to rent a yacht. For example, Admiral superyacht PLANET NINE as your holiday hire. Just envision incurring an additional €87,000 in VAT? Ouch!!!
Over the years, we composed many blogs about the challenges of VAT taxes. Yacht rental guests need to stay aware of the laws. In some years, yacht charters were VAT exempt. In others, the exemption was rescinded. The rates go up, down, and often vary among various European Union countries, like France, Spain, and Italy.
Fortunately, with a little advance planning, it might be possible to reduce your charter’s VAT liability by up to 50%. Jana Sheeder, our company’s President explains:
“If you rent a luxury yacht for a vacation in the South of France, say, Nice, Antibes, Cannes, and neighboring Monte Carlo (in the principality of Monaco), you will incur a VAT charge of 12%. However, if leave European Union waters during your charter, the VAT is reduced by 50%. The easiest way to accomplish this is to schedule an overnight run to the island of Sardinia, off the French coast. Spend a day of so in the area, then cruise back to the South of France. Not only is this a worthwhile itinerary, you’ll also enjoy a tremendous discount in your VAT expenses.”
To accomplish this, and to be in full, legal compliance with the European Union statutes, Jana adds a clause. In specific, to the client’s yacht charter agreement that reads, in part,
“It is agreed between the parties that the yacht will cruise in international waters for part of the itinerary, which has not been determined, so VAT will only be charged on the 50% of the charter fee. In the event the yacht does not cruise in international waters and VAT becomes due on the total amount of the charter fee, the charterer hereby agrees to pay the outstanding VAT on the total amount of the charter fee in cleared funds and without delay to the stakeholder. VAT is calculated with a lump sum reduction of the time spent in EU waters in application of BOI-TVA-CHAMP-20-50-20-20120912 Article 90.”
In addition to reducing VAT expenses in France, it’s also possible to find similar savings in other Western Mediterranean destinations. Similar money-saving strategies apply for charter yacht luxury vacations in Italy as well.
For example, if a charterer wants to start and end a 10 night trip in Naples, Jana will encourage the client to end the charter in Sardinia, to the west, or Sicily to the south, in order to cruise through international waters, and qualify for a reduced VAT fee.
In conclusion, with just a little advance planning, it’s possible to save thousands of dollars on your next luxury rental yacht vacation!
This entry was posted in Yacht Charter News Educational and tagged save money on vat, yacht video, Jana says, yacht charter France, president, Mediterranean yacht charter, how to save money on a yacht charter, Jana Sheeder, president of 1-800 Yacht Charters, vat taxes, yacht charter Italy, lower taxes on yacht charters, Jana L. Sheeder, Planet Nine, VAT, yacht charter video, Video
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