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Tag Archives: South of France

15 Meter Mediterranean Yacht Charter Vessel Right Size For Couples

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Our agents in Antibes report a brand new 50-foot crewed yacht has been delivered to the South of France, in time to participate in the summer charter season.Launched in 2012, motor yacht GREY GOOSE OF ANTIBES is a Fairline Targa 50, featuring accommodations for 2 to 6 guests.

GREY GOOSE OF ANTIBES Fairline luxury motoryacht charter south of france cote de azur mediterranean fast charteryacht

The France yacht charter vessel GREY GOOSE OF ANTIBES will operate as a “skipper-only” boat – there will be just one crew member aboard to drive the yacht.  Typically, drinks & canapés are served throughout the day, and guests can dine ashore in one of the Cote d’Azur’s many gastronomic restaurants.Fairline Targa 50 yacht GREY GOOSE OF ANTIBES can zip along at 24 knots and can hit a top speed of 33 knots, while fuel consumption is quite economical at 8 liters per nautical mile (approximately 175 liters per hour).

Onboard watertoys include a Williams 325 tender, snorkel gear, water skis, and a towable donut.Built by Britain’s Fairline Yachts, this spacious Targa 50 has the feel of a luxury apartment, with sliding roof and sweeping, panoramic windows.

Both daily rentals ( € 3,000 per day plus expenses) and term charters (€ 18,000 per week plus expenses) are available.  Prices include the rental of the boat and the captain.

========================To charter luxury motor yacht GREY GOOSE OF ANTIBES, contact 1-800 Yacht Charters at https://www.1800yachtcharters.com/book-now/ 

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Sleek Sail Catamaran Yacht ALLURES – Speed And Comfort In Same Package

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IN TEN SECONDS: 

Sail yacht ALLURES

30m catamaran – one of the largest and fastest, all-carbon cats in the world

Eco-friendly

Accommodates 8 guests in 4 cabins

Available for South of France or Monaco yacht charter

€50,000/wk (June/Sept) and €60,000/wk (July/Aug).

 

Catamaran allures - black hull and white superstructure with white sails

 


THE STORY

We had just secured a private luxury yacht charter reservation on the 37m motor yacht ELENA NUEVE this week – a yacht managed by Nicolas Fry at Camper & Nicholsons International.  No sooner had we turned in the charter contract, then Nicolas sent us an email touting a big, beautiful catamaran in his fleet – the sailing yacht ALLURES.  I guess Nicolas hopes we’ll put more emphasis on booking SAILING yachts in the Med!

 

Nicolas writes:

“Dear Jim,

 ALLURES is getting ready for a successful charter season in the West Med. Based in the South of France, she is still available in April, May, June and September 2017.

 Luxurious charter yacht with impressive deck space and comfort, ALLURES is one of the largest and fastest, all carbon-sail catamaran in the world. She provides a high level of comfort and safety with access to shallow waters.

 

Bookings 2017:

-24 June to 1 July, Naples/Catania,

-9 to 16 July, Naples/Palermo,

-20 July to 14 August, Bonifacio/Bonifacio,

-16 to 30 August, Bonifacio/Saint-Tropez.

 

I look forward to receiving your enquiries.

 

Nicolas FRY”

 

 

WHAT WE LIKE

Nicolas knows many of our clients prefer motoryachts for the luxury yacht charter vacations, but we are certainly excited to promote high-quality sailing yachts whenever the chance arises.  Sail yacht ALLURES is certainly at the top end of sailing yachts in the charter market.  Built by Composite Works in France, this is a performance yacht that really, “gets up and goes” when the wind is blowing.  If you’re wondering if that means a bumpy ride – put your worries to bed.  Catamarans have two hulls which gives them an enormous beam (width).  The wider the yacht the more stable the vessel, especially when at anchor.

Of course, at 100ft, this is indeed a superyacht, and her overall design reflects this pedigree.  Her chic Italian interior is brimming with beautiful wood and leather furnishings.  She accommodates eight guests in four impressive staterooms. Every stateroom with a direct view to the sea.

Our favorite onboard features are the two convertible staterooms. These double cabins can easily become twins (each with single berths). This unique (and oh-so-flexible) layout ensures the yacht can comfortably accommodate charter parties of families, friends and/or couples.

 

yacht charter sailboat allures double to twin convertible stateroom

 

KEY FEATURE SUMMARY

  • Performance sailing catamaran
  • Experienced and friendly crew
  • Sleek lines with the latest sailing equipment
  • Chic Italian interiors with wood and leather
  • Access to very shallow anchorages
  • The ultimate in safety and performance
  • Two convertible staterooms
  • Multiple water toys

 

THE RATE

For the summer 2017 cruising season, the yacht is offered at €60,000/wk plus running expenses – for high (July/August) and €50,000/wk for low (June/September) season

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To reserve catamaran superyacht ALLURES for your favorite dates, click https://www.1800yachtcharters.com/explore-our-yachts/allures/book-now/

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We Say, “No Mas!” To Excessive Ibiza Yacht Charter VAT

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Piggybank painted in yellow and red with spanish flag on the side and a gold coin that says TAX dropping into the slot

If Spain is hoping to entice more private luxury yacht charter business in the Balearic Islands, they have a funny way of showing it.

Regular readers of our blog might recall the controversy surrounding Spain’s 13.7% yacht charter Matriculation Tax (blog September 14, 2013).  Heavy lobbying by the Spanish yachting and marina industries saw that tax removed. Spain, however, is still imposing far greater taxes on charters than fellow European Union countries like France, Italy and Malta.

Case in point – a specific yacht that is legal for charter in both Spain and France will incur TWICE as much VAT liability in Spain, even though the tax percentages are nearly identical!

A yacht charter example:

Formula 1’s Eddie Jordan often keeps his Sunseeker 155 motor yacht BLUSH in the Balearic Islands for the summer charter season. When there is demand, the yacht can easily reposition to the South of France for clients who prefer a French yacht charter vacation, even dipping into the coastal areas of Italy and nearby islands of Sardinia and Corsica.  The weekly charter rate remains the same between both destinations (€220,000 per week in high season), and the VAT rates are almost identical:  20% in France and 21% in Spain.

A client who charters Sunseeker 155 yacht BLUSH in Ibiza, however, will see a tax of €46,200 on his charter agreement, while a client chartering the yacht in Cannes, will incur a charge of just €22,000.

If you’re the client taking the yacht in Spain, one word comes to mind (well, maybe a few words…), most notably, “OUCH!”

So what is the explanation?  Why the drastic difference if the tax rates are nearly identical?  The answer can be found in Article 58 of European Union Council Directive 2006/112/EC.

We’ll let our company President, Jana Sheeder, explain why this is the case:

“The European Union  directive on VAT, as it relates to private yacht charter revenue, has a clause entitled, ‘criterion of effective use and enjoyment.’  This clause allows member states to implement a VAT reduction scheme. However, it is not compulsory.  Popular cruising destinations like France, Italy, and Malta all take advantage of this opportunity to reduce VAT.   Unfortunately, Spain does not.”

 

In our example above, the client who charters motor yacht BLUSH in France, ends up with an effective tax rate of 10%.   The client who charters this yacht in Spain pays the full rate of 21%.

Note – the tax savings only kicks in when the chartered yacht cruises beyond 12 nautical miles – in essence, into international waters and out of the borders of the European Union.  This is a simple task and almost all charter yacht captains will implement this strategy in order to save the charter customer 50% of the VAT rate.  However, even if a yacht in Spain sails beyond the 12 nautical mile boundary, the Spanish government still insists on collecting the full VAT fee.

The Member States of the European Union include:

  • Austria
  • Belgium
  • Bulgaria
  • Croatia
  • Cyprus
  • Czech Republic
  • Denmark
  • Estonia
  • Finland
  • France
  • Germany
  • Greece
  • Hungary
  • Ireland
  • Italy
  • Latvia
  • Lithuania
  • Luxembourg
  • Malta
  • Netherlands
  • Poland
  • Portugal
  • Romania
  • Slovakia
  • Slovenia
  • Spain
  • Sweden
  • United Kingdom

For those readers who enjoy the technical details, here is the verbiage of the directive:

In order to avoid double taxation, non-taxation or distortion of competition, Member States may, with regard to the supply of the services referred to in Article 56(1) and with regard to the hiring out of means of transport:

  • (a) consider the place of supply of any or all of those services, if situated within their territory, as being situated outside the Community, if the effective use and enjoyment of the services takes place outside the Community:
  • (b) consider the place of supply of any of all of those services, if situated outside the Community, as being situated within their territory, if the effective use and enjoyment of the services takes placing within their territory.

 

Alex Chumillas, the director of Tax Marine explains the directive and the result of Spain’s decision:  “As is clearly defined in paragraph (a), the provision seeks to minimise VAT taxation applicable to certain services, among them the hiring out of means of transport (for instance charter),” “However, the provision has not been implemented in Spain.  Therefore, chartering in Spain is subject to a flat VAT rate which does not benefit from any reduction, even when sailing beyond 12 nautical miles.

Paragraph (b) allows Spain to levy VAT charges on certain services that have been provided outside of Spain – if the services are enjoyed inside of Spain.  Let’s say a charter starts in Gibraltar.  The yacht will need to register for VAT and pay VAT on the length of the charter in Spain (and of course, pass then expense on to the charter customer).

By choosing to implement paragraph (b) only, the Spanish government has chosen to only apply the more burdensome element of the directive.  Is this the right thing to do to people wanting to experience travel in your country?

Gorgeous ocean and coastline in spain

 

Like they did with the repeal of the oppressive matriculation tax in 2013, let’s hope the legislators in Spain come to realize a reduction in VAT will make the Ibiza yacht charter market competitive with neighboring France and the rest of the European Union states that derive strong financial benefits from the private luxury yacht charter industry.

VISIT https://www.1800yachtcharters.com/yacht-charter-monaco/ for a sampling of private yachts for hire in the Balearic Islands and throughout the Mediterranean this summer, courtesy of 1-800 Yacht Charters.We will be happy to create The Superyacht Experience for you.

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