Rats 28 Posted December 4, 2019 Share Posted December 4, 2019 Been a long time since I posted here Anyone know the ins and outs. I vaguely recall if a boat was built in NZ it was GST exempt to bring her back in? I have called Customs but they didn't have much of a clue to be honest, the girl said she talked with supervisor and it was 5% duty and 15% GST on agreed sale price. When I mentioned GST would have already been a component while the vessel was being built here she went vague and directed me to the website which doesn't appear to tell you much. Can anyone shed any light on the subject? Quote Link to post Share on other sites
waikiore 399 Posted December 4, 2019 Share Posted December 4, 2019 If NZ built and registered no GST on returning craft. Quote Link to post Share on other sites
Fogg 427 Posted December 4, 2019 Share Posted December 4, 2019 If you're seriously considering this (rather than academic curiosity) then I'd suggest you consult an accountant with special focus on trade. Reason being I suspect the answer won't be black & white and will depend on timing, paper trail of evidence, what financial transaction (if any) took place when the vessel left NZ etc. And especially if Customs themselves are vague then you could be at risk of getting one answer today and a different answer the day you bring it in - with the possibility of a nasty financial surprise in the process. In which case I'd want to get a written confirmation beforehand. 1 Quote Link to post Share on other sites
harrytom 646 Posted December 4, 2019 Share Posted December 4, 2019 Do not forget all overseas purchases now how GST from 1/12/2019 At a guess the GST was payable when yacht being built in NZ and a claim for GST filed when exported,so now you want to import it maybe subject to GST Quote Link to post Share on other sites
Rats 28 Posted December 5, 2019 Author Share Posted December 5, 2019 Thanks for the replies thus far, yes we (wifey and I) are seriously looking at a nice kiwi built boat currently offshore but obviously paying GST to return it here becomes a bit of a dealbreaker. So it is a practical rather than an academic matter, it is frustrating that a govt dept is so vague and yes the answer one day to the next could hvave significant implications from a financial stand point. Will see if we can explore the previous papertrail with regard to the vessel going offshore and see what that gives us. Quote Link to post Share on other sites
Black Panther 1,591 Posted December 5, 2019 Share Posted December 5, 2019 My boat was built in whangarei and has been in a d out many times and been registered offshore but never paid anything coming into NZ Quote Link to post Share on other sites
ex TL systems 63 Posted December 5, 2019 Share Posted December 5, 2019 Yes but in that case never been exported either so no fees on return from a trip overseas Quote Link to post Share on other sites
Luigi Vercotti 7 Posted December 5, 2019 Share Posted December 5, 2019 If it was exported after construction, so no tax was paid on the original purchase, tax would be due. If the original purchase was in NZ, tax would have been paid, so none is due. My understanding is that's how it works in the EU so NZ may be the same, otherwise they're double dipping and we all know the government would never do that to us. Quote Link to post Share on other sites
tuffyluffy 76 Posted December 5, 2019 Share Posted December 5, 2019 I did this several years ago and it was GST and duty excempt. My documentation on place and time of manufacture was pretty loose and customs had no issue with it Quote Link to post Share on other sites
harrytom 646 Posted December 5, 2019 Share Posted December 5, 2019 seems clear enough you pay https://www.customs.govt.nz/personal/move-to-nz-permanently/vehicles-boats-and-planes You can get a “household items” concession if: you’re moving to NZ, or moving back after 21 months or more away, and you’ve used the items for their intended purpose. This means you won’t have to pay GST and duties on some items. You can also get concessions on: private vehicles, including: motorcycles cars scooters motorhomes camper vans ambulances boats aircraft. If you don’t qualify for concessionsIf you don’t qualify for concessions, you will have to pay: GST on motorcycles, cars and planes GST and Customs duty of 5% on private boats (yachts and other vessels for pleasure or sport) New rules 1/12/19 buying online subject to gst regardless of value. Quote Link to post Share on other sites
Black Panther 1,591 Posted December 5, 2019 Share Posted December 5, 2019 Not if the boat was built in nz and gst has not been claimed when it left. Quote Link to post Share on other sites
Ex Machina 366 Posted December 5, 2019 Share Posted December 5, 2019 Didn’t kickass bring an NZ built E1050 in last year and give a rundown on the process here somewhere ? Quote Link to post Share on other sites
Ex Machina 366 Posted December 5, 2019 Share Posted December 5, 2019 http://crew.org.nz/forum/index.php/topic/15644-elliott-1050-kick-is-coming-home-to-nz/?hl=elliott+1050 This one Quote Link to post Share on other sites
Kick Ass 47 Posted December 5, 2019 Share Posted December 5, 2019 Hey guys, yes went through this last year. 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. Quote Link to post Share on other sites
Black Panther 1,591 Posted December 5, 2019 Share Posted December 5, 2019 When said boat was sold overseas was the gst reclaimed? Quote Link to post Share on other sites
Kick Ass 47 Posted December 5, 2019 Share Posted December 5, 2019 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. Quote Link to post Share on other sites
Black Panther 1,591 Posted December 5, 2019 Share Posted December 5, 2019 That sounds totally at odds with any natural sense of justice to me. Quote Link to post Share on other sites
Black Panther 1,591 Posted December 5, 2019 Share Posted December 5, 2019 Sorry one more question. What does exporting the boat mean? When are you deemed to have exported the boat vs just sailed it somewhere? Quote Link to post Share on other sites
Kick Ass 47 Posted December 5, 2019 Share Posted December 5, 2019 You would have to file export docs. 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 Quote Link to post Share on other sites
armchairadmiral 411 Posted December 5, 2019 Share Posted December 5, 2019 I'm here from the government and I'm here to help springs to mind ! Quote Link to post Share on other sites
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