Invest
in this BES and own the Yacht of your choice Vat paid in five
years time.
The
list price for each yacht below includes Vat, Electronics delivery
and commission in Kinsale and a full inventory to International
standards for charter, all safety gear, life raft etc.
|
|
|
|
|
|
|
| List
Price |
€134,350 |
List
Price |
€167,750 |
List
Price |
€234,350 |
| Investment
|
€111,033 |
Investment
|
€138,636 |
Investment |
€193,678 |
| Tax
Relief |
-€45,524 |
Tax
Relief |
-€58,841 |
Tax
Relief |
-€79,408 |
| Net
Investment |
€65,510 |
Net
Investment |
€81,795 |
Net
Investment |
€114,270 |
|
|
|
|
|
|
| List
Price |
€389,500 |
List
Price |
€225,350 |
List
Price |
€299,500 |
| Investment
|
€321,901 |
Investment
|
€186,240 |
Investment
|
€247,521 |
| Tax
Relief |
-€131,979 |
Tax
Relief |
-€76,358 |
Tax
Relief |
-€101,483 |
| Net
Investment |
€189,921 |
Net
Investment |
€109,881 |
Net
Investment |
€146,037 |
|
|
|
|
|
|
| List
Price |
€256,500 |
List
Price |
€312,500 |
List
Price |
€414,500 |
| Investment
|
€211,983 |
Investment
|
€258,264 |
Investment
|
€342,562 |
| Tax
Relief |
-€86,913 |
Tax
Relief |
-€105,888 |
Tax
Relief |
-€140,450 |
| Net
Investment |
€125,070 |
Net
Investment |
€152,376 |
Net
Investment |
€202,112 |
| SEVEN
HEADS YACHT CHARTER LTD.
Seven
Heads Yacht Charter Ltd. proposes to purchase up to ten Grand
Soleil or Dufour yachts for short-term charter in Irish waters,
under a Business Expansion Scheme (BES). This investment will
be spread over three seasons 2008 to 2010. (Tax years 2007 to
2013)
The yachts will be managed by 'Sail Ireland' from their base
in Kinsale, County Cork for the five-year period of the BES.
Yachts may also be based in Dingle, County Kerry and the new
marina being built in Galway City.
COSTS
Investors
may choose from the range of yachts above from 32 ft to 48 ft.
All monies raised will be used to purchase the yachts. The cost
of the three year Marketing Plan as submitted to 'Failte Ireland'
and all other running costs to include Insurance, Maintenance,
Marina and Administration charges will be paid by the core business
of bareboat Charter.
BORROWINGS
No
borrowings or charges will be allowed on the yachts without
the written permission of the Shareholders.
BES
INVESTMENT
It
is proposed to raise up to €2,000,000 in BES funds over
the period 2007/2010. Investments are invited from Individuals
or Syndicates to purchase the yacht of their choice. An individual
may invest €150,000 per annum. The purchase may be spread
over two tax years.
An
investor who cannot obtain relief on his/her investment in the
year of assessment can carry forward the unrelieved amount to
following years up to and including 2113.
The
Shareholders will wholly own the BES company. There will be
a Management agreement with Sail Ireland, which will set out
the responsibilities of each party.
OFF SEASON CHARTER OPP0RTUNITIES
Investors
may charter the yachts when not in use or during the off-season
at considerable reduced rates, minimum two weeks per yacht.
END
BES PERIOD
At
the end of the BES period (5 years from investment) a mechanism
shall be in place where the ownership of the yacht will be transferred
to the Investor/Syndicate Vat paid.
NOTE
Scheme
subject to 'Failte Ireland and Irish Revenue' approval
Individuals should seek independent Financial and legal advice.
CONTACT
DETAILS
Mick Loughnane
Email:Mick.loughnane@gmail.com
Mobile: 086 8594215
|
|
