CGMER : Boat financing and insurance

French leasing

French regulations provide that the boat leasing time spent outside community territorial waters is not subject to VAT. Thus you are entitled to a reduction in the taxable base in proportion of the time spent sailing or parked outside such waters.

« In accordance with article 172 of appendix II to the General Taxation Code, the evaluation of the time spent outside community territorial waters (when the renter is based in France) or outside French territorial waters (when the renter is based in another country) in relationship to the total boat rental time is done by the taxpayer under his responsibility and subject to the tax authority's right to inspect. That evaluation, which may result from the terms of the rental contract, should be supported by all means of proof. »

The proof of the time spent outside territorial waters is often difficult to furnish by the renter, and therefore the tax authority allows a 50% allowance as a taxable base.

« However, it is accepted that renters finding it difficult to carry out such an evaluation can determine the time spent outside community or French territorial waters by applying a 50% allowance to the total rental time, whatever the category of boat. »

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You will gain the benefit of over 30 years of expertise in boat financing.

Receive personalised support throughout the financing period.

Finance major expenditure relating to your boat by benefiting from the advantages of a CGMer lease with a purchase option