• The Alternative to Leasing

    Posted: 27th March 2018 | Written by: Chris Allix

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    It is well known within the yachting industry that the EU Commission has issued a notice to Malta and Cyprus that they intend to commence infraction proceedings against them in relation to their leasing schemes. We understand that Malta will defend the scheme with a robust defence, so what is the basis of the EU's attack?
  • Yacht Management in 2018 – How Sarnia Can Help

    Posted: 26th February 2018 | Written by: Steven Marquis, Senior Relationship Manager

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    One of the themes discussed at the recent Superyacht Investor Conference was yacht management and its role for both the owner and the captain. Sarnia’s Steven Marquis summarises why effective yacht management brings value for money and peace of mind to owners and their wealth management team who don’t always have the specialist knowledge required to meet industry expectations and regulations themselves.
  • The Financial Opportunity of the Superyacht Industry

    Posted: 19th February 2018 | Written by: Marcus Sinkinson

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    Have you ever heard of anyone outside of the yachting industry able to save more than 80% of their salary? It’s practically impossible unless you’ve managed to somehow wangle free accommodation and live like a hermit. But for crew, the yachting industry represents an extraordinary financial opportunity that should not be taken lightly.
  • Key Points on Amendments to French Social Security Decree

    Posted: 14th November 2017 | Written by: John Cook

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    It would seem there are already a number of people that believe the proposed amendments to the French Social Security Decree will solve the issues that have been concerning the yacht sector since the Decree was first announced in March 2017, but I am sorry to report that this is not the case.
  • Tax Changes for Buy to Let Investments Explained

    Posted: 3rd November 2017 | Written by: Patrick Maflin

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    Despite the recent changes to stamp duty and mortgage tax relief, making some investors question the reliability of Buy to Let Investments as an asset, they will always remain a staple when it comes to investments in the UK.
  • If You Haven't Yet Declared Your Earnings...

    Posted: 20th October 2017 | Written by: Patrick Maflin

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    As of the 1st of September 2017 in the UK, HMRC started receiving details of bank accounts, trusts and holdings as a result of the Common Reporting Standard. So if you've just finished a busy çharter season and you haven't yet declared your earnings, here's some good advice.
  • Clarification on French Social Security from Sarnia

    Posted: 4th October 2017 | Written by: Dan Armsden

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    The French social security decree (No 2017-307 of 9 March 2017) has been a hot topic for much of 2017. The implementation has not been smooth, creating confusion, uncertainty, alienating French and non-EU crew and resulting in a significant loss of business across the French maritime regions and further afield.
  • Full Cover Without a King's Ransom

    Posted: 27th August 2017 | Written by: Simon Dixon

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    Back in the day of Henry VIII, life aboard a naval warship was akin to being in prison with the added danger of being cannonballed, drowned or killed by primitive medical care. Thankfully conditions have improved and these days you don’t need a king’s ransom to fully cover yourself or your crew from the hazards of life at sea.
  • What are the Rules for EU Yacht Importation?

    Posted: 23rd August 2017 | Written by: Bruce Maltwood

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    For a yacht to be in free circulation within the EU it has to have been supplied in the EU, imported into the EU or grandfathered in by way of VAT exemption on age. If your yacht was supplied in the EU as a domestic supply with VAT applied then the chances are that yacht is in free circulation and no importation is required. If a yacht is operated privately under temporary admission...
  • Make Your Money Work While You Sleep

    Posted: 20th August 2017 | Written by: Patrick Maflin

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    It's Groundhog Day... you save and you spend. You save and you spend. The cycle never stops. You're a hamster on a treadmill - spinning away, yet standing still. Don't get me wrong, yachting is a lot of fun, and there are far worse treadmills to be on, but surely there must be more? So what if instead of working for the boss you start thinking like the boss?
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