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So you want to buy a boat?

Article Abstract:

In Britain, new boats are marketed by accredited dealers or boat manufacturers, while second-hand boats are sold by brokers. Once the prospective purchaser has located his desired boat purchase, he should carefully investigate financing alternatives. British boats are usually sold with a 10 percent down payment, and second-hand boats are usually purchased only after an inspection survey has been completed, at the expense of the prospective purchaser. Broker fees generally run 8 percent for domestically purchased second-hand boats and 10 percent for purchases transacted abroad. Methods of financing the remaining portion of the purchase price are discussed. Bank loans, credit cards, revolving lines of credit, financing houses, and barter and charter agreements are detailed. Generally, bank loans are the cheapest means of financing, with interest rates ranging from 19 to 22 percent. Registering the purchased boat, naming or changing the name of the boat, taking delivery of the vessel, and British taxes on boats are also briefly discussed.

Purchasing, Mortgages, Boats and boating, Boating, Boats, Bank loans

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Timesharing can be hazardous

Article Abstract:

Vacation timesharing has recently increased in the United Kingdom, especially with the creation of the Association of British Independent Timeshare Agents and the British Property Timeshare Association. To participate in a timeshare (TS), one has to pay a capital sum and an annual management fee. The TS owner can either return to the same holiday location each year or let the property to someone else through participation in an exchange organization. Four people appears to be the optimum number for timesharing. Timesharing offers savings when compared to luxury hotels, but not to cheaper accommodations. Variations of the TS scheme include organizations such as Hapimag, The Holiday Property Bond, and the Court Barton Property development. Legal problems may be involved in overseas TS arrangements. Companies may also find TS arrangements economically advantageous.

Real estate agents and managers, Analysis, Economic aspects, Vacation homes, Timesharing (Real estate), Timeshares (Real estate), Second homes, Employee vacations

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Bloodstock and the tax man

Article Abstract:

Horse breeding and racing is an uncertain business, and investors are advised to know all of the appropriate laws as regards income tax, corporation tax, capital gains tax, inheritance tax and value added tax. An outline of each of these taxes and general recommendations are provided. Four methods of ownership are also described: outright ownership, collective ownership, syndicated share, and stud farming.

Taxation, Tax policy, Horse racing, Horse-racing, Horse farms, Horse breeding

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