Edition
Boats for sale
| Laser 140101 Tynemouth |
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| Laser 28 - Excellent example of this great design Hamble le rice |
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| Rossiter Pintail Mortagne sur Gironde, near Bordeaux |
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List classes of boat for sale |
How did you fund your boat purchase? |
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Bootscooter 
Really should get out more 
Joined: 15 May 07 Location: United Kingdom Online Status: Offline Posts: 1094 |
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 Topic: How did you fund your boat purchase?Posted: 28 Mar 14 at 8:42pm |
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Just interested to see how many of you took out loans to buy your boat...
I never have, but most of mine have been older/cheaper. |
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Alistair426
Far too distracted from work 
Joined: 02 Jun 08 Location: Vatican City State Online Status: Offline Posts: 201 |
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Posted: 28 Mar 14 at 8:55pm |
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I used to run older cars to fund boats. New sails relied on savings plans maturing or working overtime...a bank holiday at work didn't seem quite so bad when you could tell yourself that that was a new jib paid for.
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iGRF
Really should get out more
Joined: 07 Mar 11 Location: Hythe Online Status: Offline Posts: 6499 |
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Posted: 28 Mar 14 at 9:01pm |
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You missed an option..
The Taxman bought it for me.. |
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Bootscooter
Really should get out more
Joined: 15 May 07 Location: United Kingdom Online Status: Offline Posts: 1094 |
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Posted: 28 Mar 14 at 9:09pm |
Surely that'd be just unexpected/unintended savings? |
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Rupert
Really should get out more
Joined: 11 Aug 04 Location: Whitefriars sc Online Status: Offline Posts: 8956 |
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Posted: 28 Mar 14 at 9:14pm |
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Bought with pocket money...
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Firefly 2324, Puffin 229, Minisail 3446 Mirror 70686
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Jeepers
Posting king 
Joined: 26 May 11 Location: Hamphire Online Status: Offline Posts: 147 |
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Posted: 28 Mar 14 at 9:23pm |
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"....the Taxman bought it for me.."
Do tell me more. |
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craiggo
Really should get out more
Joined: 01 Apr 04 Location: United Kingdom Online Status: Offline Posts: 1810 |
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Posted: 28 Mar 14 at 9:41pm |
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I bought my Laser with my student loan, and used holiday earnings to fund my way through Uni.
All boats since have been bought with hard-saved cash, with the exception of the 700 which I paid for on a debit card as I bought it from LDC. |
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Do Different
Really should get out more
Joined: 26 Jan 12 Location: North Online Status: Offline Posts: 1312 |
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Posted: 28 Mar 14 at 9:52pm |
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Very 2nd Hand with saved cash, until current No1 ship which was a new bare hull bought with savings to fit out myself as a "once while I still can" action.
Edited by Do Different - 28 Mar 14 at 9:53pm |
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iGRF
Really should get out more
Joined: 07 Mar 11 Location: Hythe Online Status: Offline Posts: 6499 |
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Posted: 28 Mar 14 at 9:55pm |
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1st you need a company that trades loosely in the marine or leisure business and that is in profit, pretty rare commodity these days. Then you write it off as an investment in R&D... There are even grants for them if you can be asked to apply for them.
Edited by iGRF - 28 Mar 14 at 9:55pm |
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fab100
Really should get out more
Joined: 15 Mar 11 Online Status: Offline Posts: 1005 |
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Posted: 29 Mar 14 at 5:36am |
<engage off-duty, not professional advice, Chartered Accountant mode> well sort of. Good news. If your R&D spend qualifies, take that spend figure and multiply by 175%. You can use the uplifted amount to offset profits in your company, reducing the amount chargeable to Corporation Tax. Further, what grumph does not say is that, even if your company does not have a taxable profit, you can take the 175%-ed figure, and get, now, 14% of it back, in good old-fashioned cash. Cool huh? Of course, it has to be expenditure that meets the HMRC definition (so get googling) of R&D. <end mode> |
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