French boat leasing tax changes met with surprise

> Subscriber-only, By Neil Eaves2020-11-12T14:51:00

The French boating industry is at odds with a change in the application of VAT rules on pleasure boats purchased for hire with an option to purchase, which will impact boat rentals as well as boat purchases financed through leasing arrangements.

The French government announced a change in the VAT rate applicable to pleasure boats purchased for hire with an option to purchase, which will impact boat rentals as well as boat purchases which are financed through leasing arrangements.

SUBSCRIBER-ONLY CONTENT

To continue reading, subscribe TODAY!

TRY unlimited access for just £1 / €1 / $1 per week for your first 4 weeks.

Then pay just £35 / €40 / $45 per month thereafter
Offer for new subscribers only
Cancel anytime

Keep reading for just £1 / €1 / $1

_{No commitment, canel anytime*}_{Offer ends 31 April 2024}_{* Cancel anytime during first 4 weeks after initial payment and no further payments will be taken.}_{Inclusive of applicable taxes (VAT)}