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Cabrinha06

Buying overseas

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Hi guys,

 

Just a quick message to ask you about something I have no idea about and struggling to find an official answer:

 

I'm planning on buying a second hand yacht in OZ and bringing her to NZ.

But in terms of paper work and taxes, what will be required?

As far as I know, GST is for brand new goods...but I may be wrong.

 

So, if some of you guys have experiences with this it would be great!

 

Cheers.

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If the yacht was built in Australia I do not believe duty is applicable (CER agreement).

You will not get an Australian GST refund exporting a used ítem, be it car, motorbike boat etc, from the ATO. They have no interest in taxes you might have to pay elsewhere

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Are you being charged GST in Australia on the purchase?

 

If so I think you might be able to claim it back when the boat is exported. I know this is possible for new items, not so sure for second hand items.

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sorry to be the downer, but the ATO have SD's scheme covered, with very prescriptive regulations - GST refund is for "new" boats only - no more than 12 mths old and rules about usage, mods, on-selling etc.

One other "surprise", a friend recently bought a power cat in QLD to be delivered to NZ, and he could not find a surveyor there. Apparently they do not want to know pleasure boats because there is no money in them but large potential liabilities.

Cabrinha - are you sure you cannot find want you want in NZ? Australian market is way overpriced and you would take both the FOREX & GST hit. Those costs could go a long way towards refitting a local yacht.

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