Importing a NZ built boat back to NZ from offshore
Posted 05 December 2019 - 04:24 PM
Posted 05 December 2019 - 05:19 PM
Posted 05 December 2019 - 06:44 PM
coming from Aus with a boat that is aus or nz built is duty free.
However if a boat sells overseas the new owner has to pay gst when entering back into the country. Value is decided from sale and purchase agreement or if you can get a valuation before leaving said country that is a less value they will take the latest value.
I tried many ways to get around this and had to pay in the end. Boat got locked in Marsden Cove and wasnt allowed to leave until it was all settled.
Sucks but is how it is unfortunately no matter how you think about it.
Posted 05 December 2019 - 06:50 PM
Posted 05 December 2019 - 06:53 PM
When said boat was sold overseas was the gst reclaimed?
Doesnt matter, if the boat sells overseas it is subject to gst.
Only way around it is getting the person who exported the to re import.
Posted 05 December 2019 - 06:55 PM
Posted 05 December 2019 - 06:57 PM
Posted 05 December 2019 - 07:06 PM
I had all documentation around the boatbeing nz Built and owned in NZ for many years etc, she was previously an mz registered ship but still it came down to the boat selling overseas
Posted 05 December 2019 - 07:17 PM
I'm here from the government and I'm here to help springs to mind !
The ultimate result of shielding men from folly is to fill the world with fools. Herbert Spencer, English Philosopher 1820 - 1903
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