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post #1 of 8 Old 04-01-2008 Thread Starter
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eu laws

Hi I am from the Uk and I am considering buying a yacht that is currently in Turkey. The yacht was built in Taiwan for the US market and was sailed from the Caribbean to the med ten years ago. Does anyone know if the EU VAT would have to be payed on the original price or on the secound hand purchase price? Also what about this RCD business? is it difficult? does it cost a lot of time and money?
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post #2 of 8 Old 04-01-2008
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You might get a better response to this question on a British site. With the current value of the U.S. dollar at shockingly low levels, not very many of us are buying boats abroad these days. From what I have heard on this subject, a lot depends on what country the boat is actually registered in and in which EU country you plan to eventually register it. (Belgium has different rules than France, for example, so the French are always tempted to register in Belgium if they can get the boat there for the requisite periods. Being from the UK might make that sort of maneuvering a problem. ) Have fun!
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post #3 of 8 Old 04-01-2008
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Here YBW.coms forums...should be some answers there:
Yachting and Boating World forums: Viewing list of forums

No longer posting. Reach me by PM!
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post #4 of 8 Old 04-01-2008
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Hi I am from the Uk and I am considering buying a yacht that is currently in Turkey. The yacht was built in Taiwan for the US market and was sailed from the Caribbean to the med ten years ago. Does anyone know if the EU VAT would have to be payed on the original price or on the secound hand purchase price? Also what about this RCD business? is it difficult? does it cost a lot of time and money?
Generally speaking, the duty is calculated on the transaction value that results in the importation of an item. This is to say: If the boat was originally sold for 1 million pounds when new, but the price you paid for it when you importd it was only 500 thousand pounds, then the VAT and any duties would be calculated on the 500 thousand pounds, as that payment is the transaction that resulted in the importation of the boat. This is a General WTO/WCO Convention but it would not hurt to check with a Customs Brokerage in your country for verification.

Haven't got a clue what 'RCD' is sorry ....
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post #5 of 8 Old 04-02-2008
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Originally Posted by bajamars View Post
Also what about this RCD business? is it difficult? does it cost a lot of time and money?
john
See RYA - www.rya.org.uk - Recreational Craft Directive

Basically, you have to prove the boat meets all the CE engineering and safety requirements. If the builder is still in business and will give you suitable engineering data (stability, structural strength, etc.), the process may not be too difficult. If not, you have to pay RYA or someone to reverse-engineer the boat's design to generate this data.

Also, some standards for the U.S. market, such as fuel systems, are different from CE standards. If equipment doesn't meet the CE standard you have to replace it before you can import the boat.

Good luck,

Tim
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post #6 of 8 Old 04-02-2008
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RCD==> Recreational Craft Directive... new regulations for boats in the EU that categorize boats into one of four categories, which are IIRC:

A) Ocean
B) Offshore
C) Coastal
D) Protected waters.

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post #7 of 8 Old 04-03-2008
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RCD==> Recreational Craft Directive... new regulations for boats in the EU that categorize boats into one of four categories, which are IIRC:

A) Ocean
B) Offshore
C) Coastal
D) Protected waters.
Is this an import thing ? I hadn't heard of it. How old is it ? Why wasn't I consulted first ???? Is it retroactive ? Anything grandfathered ???
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post #8 of 8 Old 04-03-2008
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Just read the link - probably a 'good thing' but it sounds like another tax grab...you know how easily bribed those EEA types are
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