Select to expand quoteLooseChange said..
No GST on private sales, providing the transaction is handled wholly by the buyer and the seller without the intervention of lawyers and the like. If there are any government charges after the sale, then on those there will be a GST component eg. Stamp Duty. If the sale is handled by a used boat dealer then his price should already include GST as it is illegal to show a price without GST.
You are talking about sales within Australia aren't you?? There is GST on the brokerage fee which the seller should be paying. No agent, no GST.
Importing a yacht is a different thing. I believe GST is charged on importation of the yacht based on what it is worth in the Australian market and Australian Customs ( as bent a bunch that God ever put breath into) would require a survey to be done (by one of their mates) to assess it's value.
Australian Customs is where the police sent their bent pennies. Didn't you watch Underbelly - Tale of Two Cities??
Select to expand quoteJode5 said..
Southace there is a Beneteau 40 in Melbourne coming on the market. It is supposed to be in pretty good nic. It could be right up you ally as it is a center cockpit with shoal draft. I think it is about 12 years old. He offered it to me as a trade for my boat. I believe you would get it around the 150k mark. He is coming up to look at my boat next week, let me know if you want his details and I can get them off him when he comes. That boat that BobFord mentioned from Rivergate was in fairly poor condition. The bloke that bought it had it up on the slip at Scarborough just after he bought it in December while I had my boat up. He was up for a lot of repairs before he was sailing in back to WA.
Thanks for that post Jode5. This is the Saebreeze Grapevine in action.
Select to expand quoteRiffRaff said..
3 tonne is 3 tonne
And a sail drive is a sail drive. You have lost me on that situation.
Select to expand quotecisco said..LooseChange said..
No GST on private sales, providing the transaction is handled wholly by the buyer and the seller without the intervention of lawyers and the like. If there are any government charges after the sale, then on those there will be a GST component eg. Stamp Duty. If the sale is handled by a used boat dealer then his price should already include GST as it is illegal to show a price without GST.
You are talking about sales within Australia aren't you?? There is GST on the brokerage fee which the seller should be paying. No agent, no GST.
Importing a yacht is a different thing. I believe GST is charged on importation of the yacht based on what it is worth in the Australian market and Australian Customs ( as bent a bunch that God ever put breath into) would require a survey to be done (by one of their mates) to assess it's value.
Australian Customs is where the police sent their bent pennies. Didn't you watch Underbelly - Tale of Two Cities??
I spoke to a agent yesterday...he said No Gst on private yachts sales with an agent, the Gst is put on new vessels, inported and commercially registered vessels.
There's an awful lot of those "crappy" French Beneteau, Jeanneau or even Dufor floating around the worlds oceans.
Just for the record, I drive one of those "worse than crap" French cars and have done so for nearly thirty years, no way in hell would you find me in a Holden or Ford.
Well from what I have read Hunters are very well built and its only the people that actually own them that have good things to say about them! American made has always had a good reputation. We are talking Boing vs Airbus here! Chevy vs Peugeot! But I could just swing both ways as I do like the jeanneau layout and lines.
..and getting back to the OT.
Keep an eye on this site www.marineauctions.com.au/ . There is not too much but you could come across a bargain.
This one could be a bit big for you but you'd be sleeping alright www.marineauctions.com.au//?m=11&id=1572
Carter 33 for 35 grand in the back of this months "Afloat" would be worth a look. The Cav 32 is still there too, must have the record for the longest ad in history surely!
Select to expand quoteRamona said..
Carter 33 for 35 grand in the back of this months "Afloat" would be worth a look. The Cav 32 is still there too, must have the record for the longest ad in history surely!
I'm upsizing not downsizing.....
Is this cheap or what ?? 100 hours on the engine!! Must be a typo! Or Cisco is playing a joke on me!http://yachthub.com/list/yachts-for-sale/used/sail-monohulls/bavaria-vision-50/146358
Or this one, built like a brick **house
ensignbrokers.com.au/view-boat/?dealer=ensign&ToDo=show_details&de=137031
LooseChange I don't think you're right on not having to pay GST when importing a yacht, if that's what you meant.
I looked at all of this a couple of years ago and pretty sure you get hit up for GST on the purchase price as soon as you enter the country irrespective if it's been bought from a dealer or privately. Also, there's a duty charge (which from memory is an additional 5%) unless you're buying from NZ or USA.
Claverton is right. You will get slammed with import tax when you bring a yacht in from overseas.
There was a story going on a few years back about a retired Australian couple who spent most of their money on a yacht in the States. Then when they sailed it back to Oz they got hit with the bill and couldn't afford to enter the country. Last I heard they were in limbo in Asia somewhere.
I thought i read somewhere if the boat is American or NZ made the Gst is waved or maybe that was the stamp duty?
I believe that things have changed since we and the US entered a free trade agreement. Worth checking, suggest call or check the Dept of Trade or whatever it is called this week website.
the free trade agreement means you don't have to pay the 5% duty, but doesn't affect GST and this still has to be paid. Obviously importing as a fair bit more attractive 12 or 18 months ago when $AU was well above $US
Obviously as yet no one has bothered to read this
www.australiatrade.com.au/Shipping/Import/Boats.htm
Jeepers! Thanks loose change I have read it and its looking mighty clear I won't be bringing one back from the states by ship or passage!
I have read it and it basically says "Forget it! There is no cheap way to import a yacht."
I guess they have written that screed to weed out the wannabes.
My thought is if you had a American friend saling on a visa in Australian waters and he wanted to sell his boat and fly home I wonder if this would still be applicable.....perhaps a loophole!
