As a French tax resident I believe I “should” pay a tax if I owned a boat over 7m in length, regardless of where the boat is located.
Now some websites say I have to pay this tax to fly the French flag to use the boat in maritime waters and is mandatory if the boat is over 22HP or over 7m long.
But I want to buy a narrowboat (approx 8m long) in the UK and keep it on the UK inland waterways, for which I do not need to register the boat (according to UK waterway regulations) and I don’t need to fly any flag.
So my questions:
a) How does the French authorities know I have the boat?
b) And should I have to pay any French annual taxes on it anyway?
c) I’m guessing I should declare any Capital Gains when I come to sell it but the chance of making money on boat is highly unlikely anyway
thanks in advance,