For Sale: Outremer 55 Light 2008

[Reynalds]

Hi Everyone,
We are selling our Outremer 55L catamaran after a 3 years journey from Europe to Australia.
Fantastic cat to sail & easy to manoeuvre by just a couple.
Will usually sail over 200nm per day.
For instance we sailed over the Pacific ocean (3000 nm) in just 14 days.
Owner version (3 cabins) with all comfort equipment except A/C.
The boat is currently in Australia.
Price is Euros 440,000 with European VAT paid.
Kindly contact me for pictures and inventory.
Reynald
offcourse2008@gmail.com

[Bill4]

Originally Posted by Reynalds

Hi Everyone,
We are selling our Outremer 55L catamaran after a 3 years journey from Europe to Australia.
Fantastic cat to sail & easy to manoeuvre by just a couple.
Will usually sail over 200nm per day.
For instance we sailed over the Pacific ocean (3000 nm) in just 14 days.
Owner version (3 cabins) with all comfort equipment except A/C.
The boat is currently in Australia.
Price is Euros 440,000 with European VAT paid.
Kindly contact me for pictures and inventory.
Reynald
offcourse2008@gmail.com

If you're selling your boat in Australia then it will lose it's VAT paid status the moment the new owner hands over the money.

To retain the VAT paid status you (the current owner) need to sail the boat into a European port to hand over the boat (European overseas territories do not count).

To sell your boat as "European VAT paid", when in Australia, is just plain wrong and could leave a new European owner with an expensive headache if they meet an eagle eyed official in a European port.

[catabroker]

Bill,

In 10 years of yacht brokering on many international vessels I have never heard of this.

Can you point me out to the law or a government website stating this?

VAT paid means VAT paid and stays with the boat. Proof needs to be furnished by the seller.

Sales tax like in FL, gets levied over and over, every time there is a taxable transaction.

I think the seller of the Outremer has to pay more attention to Australian duty and Australian import requirements on yachts for sale than on the VAT. As far as I know, VAT stays with the boat forever.

regards,

Peter Wiersema
Leopard specialist Ft Lauderdale +1 954 260 4913

[Bill4]

Originally Posted by catabroker

Bill,

In 10 years of yacht brokering on many international vessels I have never heard of this.

Can you point me out to the law or a government website stating this?

VAT paid means VAT paid and stays with the boat. Proof needs to be furnished by the seller.

Sales tax like in FL, gets levied over and over, every time there is a taxable transaction.

I think the seller of the Outremer has to pay more attention to Australian duty and Australian import requirements on yachts for sale than on the VAT. As far as I know, VAT stays with the boat forever.

regards,

Peter Wiersema
Leopard specialist Ft Lauderdale +1 954 260 4913

Sorry Peter but your assumptions are wrong. Chapter and verse can be found here HM Revenue & Customs but the specific sections relevant to this discussion are as follows....

3.4 Will I have to pay taxes or duties on my pleasure craft?

Vessels less than 12 metres long are potentially liable to customs duty when imported from outside the EU and all vessels designed or adapted for recreation or pleasure use are potentially liable to VAT.
If you are temporarily importing your boat from outside the EU, it may qualify for relief from these charges as described in Section 5.
If you are permanently importing the boat on transfer of your residence from outside the EU, it may qualify for the relief described in sub-section 3.15.
A boat previously VAT paid and exported from the EU may also qualify for relief on return if:

• imported normally within 3 years of its export from the EU, and
• imported by the person who exported it from the EU, and
• it has undergone no more than running repairs outside the EU that did not increase its value.

For more information refer to Notice 236 Customs: Importing returned goods free of duty and tax.
If, after reading this notice, you are still in any doubt about whether customs charges are due, you should contact the VAT, Excise & Customs helpline on 0845 010 9000.
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3.5 Can a vessel lose its VAT paid status?

VAT is due on the importation of any vessel from outside the EU. However, there are provisions for this VAT to be relieved when an EU VAT paid vessel returns to the EU, refer to sub-section 3.4. If an EU VAT paid vessel leaves the EU, and whilst outside the EU it is sold, the new owner will, unless eligible for one of the reliefs described in this Notice, be liable to pay VAT if the vessel is brought back into the EU.