Why Buy In The Usa Look At This

[SimonV]

This is the reason I will be coming to the US to get my next boat.

YachtWorld.com Boats and Yachts for Sale

Notice $144500 US that equates to $180625 Aus. Now look at this in Aus, same boat same photos $298000 Aus equates $238400 US.

Find it at Boats for Sale New & Used Yachts @ The Yacht Hub

touch "boats for sale", click "used boats" select 41-50ft and ist on page 2 you will also find a number of other boats listed having came from the States.

Why would,nt I sail one home.

[sailingdog]

But what import duties and taxes are you going to have to pay when you get back to Australia??

[SimonV]

Importing a yacht into Australia.

Yachts are subject to a general rate of duty of 5% based on the customs value (basically the price paid) and 10% GST calculated on the customs value plus international transport and insurance plus the duty.

Privately imported yachts are generally valued using the transaction method of valuation when purchased overseas new or second-hand for export to Australia. Circumstances where Customs may use an alternative method of valuation include such situations as where:

the yacht was constructed by owner/labour;
the yacht has been extensively modified since purchase;
the purchaser and vendor are related parties and that relationship has influenced the purchase price; or
the original purchase price is too far removed in time.
In these instances the yacht will have to be valued by a marine surveyor in Australia. This valuation will be based on the market value and as such will include elements such as customs duty and GST. Customs will have to deduct these elements plus overseas transport from the local valuation.

Where the yacht is sailed to Australia, overseas freight will be determined having regard to essential sailing costs incurred under the most commercially viable conditions. Such costs would include sailing expenditure necessarily incurred while the vessel is actually sailing (and entering and leaving) those ports of call on the most commercially viable route. It would not include any in port expenditure related to the vessel's period of stopover

. Where supported by sufficient/reliable information, essential sailing costs would also include:

cost of maps, charts pilot books, light/radio lists, etc.
crew's hire/wages or forage allowance in lieu
victualling or food costs (does not include tobacco and alcoholic beverages)
bunkering or oil/fuel costs.
This is an indicative rather than exhaustive list, if you have any doubts or queries seek further information from a Customs Information and Support Centre 1300 363 263

[CapnHand]

So, could a person earn a living from?

• fly to North America
• purchase a boat
• sail it to Australia
• sell it
• repeat

[SimonV]

That I dont know but you can bet the govt will be on to that. It would probably be the same as motor vehicle 18 month ownership,before it could be sold, also the vessel has to be Aus registered.

[Zanshin]

I just got a number of quotes for shipping a vessel to Oz from the Caribbean or SE coast of USA and for a 43" vessel it is about US$35K. If I add in the 5% of purchase price plus the 10% on purchase+$35K the pricing range band narrows quite a bit, but still makes it look worthwhile. If you do add the 5 or 6 week sail into the equation and subtract the shipping but add in wear-and-tear it boils down to "how do you value your time"

[SimonV]

It will be one big adventure

[SimonV]

Im looking at $40-50k for the boat and up to 10k for extras, time is not a problem.

[Gary M]

I have sailed with Capnhand it will take him way longer that 18 months to find Australia

[chris_gee]

If you did that assuming you paid for transport and that you bought and sold for the asking price, without insurance it works out that you make about 11K or 5% on your expenditure after brokerage. Virtually the same if the selling prices are both 20% less. So as a business I don't think so. The bank would be better.
As an individual you could save on the transport costs by doing it yourself, although you run the risk of some repairs after the passage. You also would not have the 10% brokerage costs of selling ie you are looking at cost to you not the possible gain, so you would save 15% less travel expenses and insurance, say 10K plus the 35k transport assuming you write off all the passage costs as something you would spend anyway.
If the aim is simply to have the boat in oz then say 6 months loss of income would take a fair chunk of possible gain.
For a cheaper boat transport is out so you have to see the passage as not an extra cost but something you want to do. However any saving is offset by increased travelling costs searching for a boat that is ok, higher repair costs, and the fact that equipping a cheap boat for an extended ocean passage costs much the same as for a newer boat, and would be large in comparison to the boat. Say boat 40k 2 sails ssb flares windvane liferaft Epirb motor overhaul new rigging = 23k less if secondhand. There would probably be other costs associated with bringing an older boat to ocean passage stage that you might not incur buying a local cruiser. It looks good but may not be quite so good in practise. It could well cost you 95k us plus 9 k tax by the time you get home.