Ruling Dutch Tax authorities
Recently Sally Lightfoot Ltd. has entered into an agreement with the Dutch Tax Authorities in which it has been acknowledged that the structure for investing into one of our vessels, will allow the investors to profit from a taxprogramme geared at stimulating the economy. This makes Sally Lightfoot Ltd. the first and only Dutch shipping company operating sailing vessels, to be able to offer her investors the benefits of the taxprogram.
Depending on their tax status, the investors may expect a taxreturn of their cash investment nearly in full, within one and a half years from the moment they invested. The Tax Authorities will push a proportianally smaller claim into the distant future. This makes investing in one of our vessels even more atractive: the nearly full cash investment will be reimbursed without loosing the investor’s rights to a share in the profits. From this share the remaining future taxclaim should be easily payable by the way. For those interested a detailed memorandum has been drafted, detailing the structure and conditions allowing the investors to profit from the taxprogramme.
Key issues in this respect are:
- investment from € 162.500 without further placement cost
- participation is open to private persons liable to pay taxes under Dutch taxlaw*1
- expected returns 14%
- participation open untill December 20, 2010
- start operation of the vessel ultimately per December 31, 2012
- private investor’s warranty for € 262.500 for each participation
*1: it would also be possible to participate through a limited liability company. However different tax rules and regulations would aply.
Please download the memorandum for detailed investor’s information. Since the taxprogramme applies to people paying taxes under Dutch taxlaw, the memorandum is only available in Dutch. We gladly answer any questions you might have. Please contact us with specific queries, or visit our dedicated investors website under ‘INVEST’.