The damage to the investors of the two ship Fund expands in the HCI ship Fund III and VI works apparently nothing at all. Dividends remain out and now even the tax model bursts. The damage to the investors of the two ship Fund expands. Shortened life of two ships: the investors the fact that the tax conception of the funds is not properly learned In may 2012. If you have read about Peter Schiff already – you may have come to the same conclusion. The life of the ships Friedrich Schulte and Max Schulte provided for in the prospectus is not recognised by the tax authorities in the framework of the ongoing audit. Due to the changed law of the Bundesfinanzhof to tankers, the IRS does not recognise the prospected life.
After a lawsuit promises not enough success, you will need to engage on an extension of the amortization period on 14 years. For investors, this means a reduction of loss allocations from 2003 to roughly 6.5% and thus additional tax claims that are to pay interest on then – usually from 2004 – 6%. Increased amount of difference for the transition to the Tonnage taxation: In addition, there are also problems from the move to the tonnage tax. The declared by the shipping companies values are not accepted, making the difference (= difference between market – or going-concern value and book value) is affected. This difference, which is decisive for the tax burden on the sale of the vessel, should increase after the audit from 13% to 24%. However, it is the management benefit maintain that the financial management so-called based tonnage tax exemption on the 2008, who was so at the time unknown. There is intended to be a useful life of 25 years of calculation based. Thus water is mixed at least significantly wine of the tonnage tax in – alleged -. Still no distributions: With the current interim investors know also that they just in case not rely on distributions.