Spain

Tax Marine

The 89-metre <a data-gid="gid://syiq/Company/18" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Amels (Company)">Amels</a> superyacht <a data-gid="gid://syiq/Yacht/5732" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Here Comes The Sun89.0m (291'12&quot;)Amels2016">Here Comes The Sun</a> sold in a deal with Gary Wright and Max Bulley of <a data-gid="gid://syiq/Company/259" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Y.CO (Company)">Y.CO</a> introducing the buyer, and Ben Ritchie of <a data-gid="gid://syiq/Company/259" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Y.CO (Company)">Y.CO</a>, alongside Ian Sherwood and Stephanie Bosi of <a data-gid="gid://syiq/Company/159" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Burgess (Company)">Burgess</a>, representing the seller. She has now joined the Y.CO yacht management fleet.<img src="https://photo-assets.superyachttimes.com/photo/265040/image/large-0e181557e6b2f1f34dcb39b47a8e09c0.jpg" data-gid="gid://syiq/Photo/265040"><a data-gid="gid://syiq/Company/8457" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Robert Allen Law (Company)">Robert Allen Law</a> also advised from a legal perspective, with the transaction closing in international waters off the coast of Barcelona. <a data-gid="gid://syiq/Company/4009" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Moores Rowland (Company)">Moores Rowland</a> and <a data-gid="gid://syiq/Company/4432" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tax Marine (Company)">Tax Marine</a> advised on VAT related matters, while the Marshall Islands shipping registry, along with their corporate registry and that of Cyprus, facilitated the transaction.<img src="https://photo-assets.superyachttimes.com/photo/264973/image/large-f8eabab2afd6cc9cbad41655074a7c97.jpg" data-gid="gid://syiq/Photo/264973"><img src="https://photo-assets.superyachttimes.com/photo/264975/image/large-e469ed6009b299cac4733c29a514f8ac.jpg" data-gid="gid://syiq/Photo/264975">The iconic Limited Editions <a data-gid="gid://syiq/Company/18" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Amels (Company)">Amels</a> motor yacht was delivered in 2017 as the flagship yacht for the Netherlands-based shipyard. In 2020, she underwent an extensive year-long rebuild which saw her extended by six-metres, from 83-metres to 89-metres on her main deck.<img src="https://photo-assets.superyachttimes.com/photo/264948/image/large-4500b2b57cb5f7d436e857da355c1840.jpg" data-gid="gid://syiq/Photo/264948"><a data-gid="gid://syiq/Yacht/5732" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Here Comes The Sun89.0m (291'12&quot;)Amels2016">Here Comes The Sun</a> boasts exterior design by <a data-gid="gid://syiq/Company/1" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Tim Heywood Design Ltd. (Company)">Tim Heywood</a> with naval architecture from her builder <a data-gid="gid://syiq/Company/18" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Amels (Company)">Amels</a> and <a data-gid="gid://syiq/Company/37" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Azure Yacht Design & Naval Architecture (Company)">Azure Yacht Design &amp; Naval Architecture</a>. Her refit included a full respray, an extension to her sundeck and two additional VIP suites with exterior balconies.<img src="https://photo-assets.superyachttimes.com/photo/264947/image/large-e36987343c9e98973aefeea3a8e17a47.jpg" data-gid="gid://syiq/Photo/264947">The pedigree superyacht includes an interior design from the boards of <a data-gid="gid://syiq/Company/69" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Winch Design (Company)">Winch Design</a>, which opted for blues and white with touches of Dolce Gabbana to create a Mediterranean vacation vibe.<img src="https://photo-assets.superyachttimes.com/photo/264960/image/large-ea2b12ff73571ba758c3f16c9b26686c.jpg" data-gid="gid://syiq/Photo/264960"><img src="https://photo-assets.superyachttimes.com/photo/264956/image/large-51748327fc0243714f3f360a27271fb0.jpg" data-gid="gid://syiq/Photo/264956"><a data-gid="gid://syiq/Yacht/5732" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Here Comes The Sun89.0m (291'12&quot;)Amels2016">Here Comes The Sun</a> offers accommodation for as many as 20 guests in 10 staterooms, including a six room owners’ apartment on a private deck. Her remaining accommodation comprises two new VIPs on the bridge deck, with 12-metre-long balconies and seven staterooms on the main deck. Video: <a data-gid="gid://syiq/Article/56213" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Video: Onboard 89m Amels superyacht Here Comes The Sun (2022-10-21 13:00:00 +0200)">Onboard 89m Amels superyacht Here Comes The Sun</a><img src="https://photo-assets.superyachttimes.com/photo/264984/image/large-9916be4b18776c41742786b5e644d96e.jpg" data-gid="gid://syiq/Photo/264984"><img src="https://photo-assets.superyachttimes.com/photo/264981/image/large-c149508828ba7bc3dfc42b0388586af1.jpg" data-gid="gid://syiq/Photo/264981"><a data-gid="gid://syiq/Yacht/5732" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Here Comes The Sun89.0m (291'12&quot;)Amels2016">Here Comes The Sun</a> has two helipads, a touch-and-go on the foredeck and a landing pad on the sundeck, allowing her to function as a heliport even when carrying a helicopter onboard. She can land a Bell 429 or EC 145 on either pad.<img src="https://photo-assets.superyachttimes.com/photo/265038/image/large-ec1de89b4c9ab57f81ce10350db096df.jpg" data-gid="gid://syiq/Photo/265038">In terms of performance, <a data-gid="gid://syiq/Yacht/5732" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Here Comes The Sun89.0m (291'12&quot;)Amels2016">Here Comes The Sun</a> is equipped with twin <a data-gid="gid://syiq/Company/1408" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Caterpillar Inc (Company)">Caterpillar</a> engines which provide her with a transatlantic range of 5,500 nautical miles at 15 knots and a top speed of 17.5 knots.<img src="https://photo-assets.superyachttimes.com/photo/265036/image/large-b21d01fa3038d0951338180d8927e9b0.jpg" data-gid="gid://syiq/Photo/265036">

Here Comes The Sun: 89m Amels yacht sold

The 89-metre Amels Limited Editions superyacht Here Comes The Sun sold. 

89m Amels yacht Here Comes The Sun sold

The amendment of matriculation tax law in 2013 signaled a relevant change for charter operations in Spain: the possibility for non EU flagged vessels to be licensed in the Balearics, this change will allow not only EU but Non EU flagged vessels to operate from the Balearic Islands.<img alt="" src="https://syt-store-production.s3.eu-west-1.amazonaws.com/photo/152752/image/large-fb63b1a2bd6b11b11a50c6955e834d01.jpg" data-gid="gid://syiq/Photo/145190">Alex Chumillas Amat of Tax Marine tells SuperYachtTimes.com "We have been actively working during the 2014/15 inter-season period with the Spanish authorities to simplify and clarify the tax and legal framework for charter activities in Spain. Among other major achievements our firm clarified with the Spanish Tax authorities the possibility for non-Spanish beneficial owners to use their yachts in Spain and benefit from matriculation tax relief".Notwithstanding these developments, there are still many tax issues to be aware of when chartering in Spain, one of the less known potential taxes for charter yachts in Spain is tax on income. "This issue is especially relevant when the owning company is based in a jurisdiction without a double tax treaty in place with Spain, in this case the owning company might incur an important tax liability of 24% income tax on the charter fee in addition to VAT which is currently 21%"."If you are considering the possibility of chartering in Spain this summer, we strongly advise you to analyze all the tax and legal aspects surrounding your yacht to avoid unexpected surprises".By Maarten Janssen