Hello
I have come across a few Collingwood sailaways that I am interested in. The prices all state VAT ex. Having read lots of old threads on this forum and few others as well as HMRC sources of information on the subject; VTRANS110560, VAT Notice 744C and some past cases (won and lost by others), I feel I am still non the wiser to understanding VAT exempt.
1. How are Collingwood building their boats to increase the 'deck' height? By the same claim Aqualine uses, by making the gunwales impossibly small?
2. The residential aspect of what is required to be compliant with VAT Notice 744C I don't fully understand, the boat must be designed for living on, not pleasure/leisure etc etc. but whether or not it must be put on a residential mooring is not clear? (I remember one guy in a marina I was in specifically changing to a residential mooring to attempt to reclaim VAT on the new widebeam, I can't see where this is required by law? any one clarify or point out what I have missed?) Basically my second question is, can one 'live' on the boat or make it one's 'home' if you are continuously cruising, or must it have a residential mooring?
Thanks for any advice/information.