Yacht Taxation Worldwide: Essential Guide to Fiscal Rules in the EU, US, Caribbean, and UK

• Yacht taxation varies significantly across regions: EU, US, Caribbean, and UK each have distinct rules.
• In the EU, VAT must be paid for free movement; non-EU residents can use Temporary Admission for 18 months tax-free.
• The US uses state-based Sales and Use Tax; Florida caps yacht tax at $18,000, making it attractive for yacht owners.
• The Caribbean consists of multiple jurisdictions with varying rules; some islands are tax havens, others impose cruising permits or import duties.
• Post-Brexit, the UK and EU no longer have mutual free circulation for VAT-paid yachts; special reliefs and Temporary Admission apply for visits.

Source: windwardyachts.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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