CGMER : Boat financing and insurance

Italian leasing

Access to reduced VAT depending on 3 criteria:

- Length of boat
- Type of boat: engine or sail
- Total time spent outside Community territorial waters.

Length and boat type	Time spent outside comunnity territorial waters	% of amount liable to VAT	Or VAT rate applied
Sail and motor more than 24m	70%	30%	6%
Sail between 20,01 and 24 m Motor between 16,01 and 24 m	60 %	40 %	8 %
Sail between 10,01 and 20 m Motor between 12,01 and 16 m	50 %	50 %	10 %
Sail less than 10 m Motor between 7,50 and 12 m	40 %	60 %	12 %
Motor less than 7,50 m	10 %	90 %	18 %
Europeenne CAT D (Navigation in protected water)	0%	100 %	20 %