Anyone bought a yacht in Asia?

> 10 years ago
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HenryMorgan
HenryMorgan
NSW
8 posts
NSW, 8 posts
21 Nov 2010 11:39am
Decided to sell my yacht and travel to Asia to hunt a more suitable liveaboard and sail it back, decided on heading to Thailand first and wondering if anyone has had experience in doing something similiar?
cisco
cisco
QLD
12365 posts
QLD, 12365 posts
21 Nov 2010 9:25pm
I am quite curious as to why you would choose such a course of action.

There are more yachts in Aus than there are people to sail them.

What is the yacht you just sold (if you have sold it) and what is your definition of "a more suitable liveaboard"??

There is an article in the current "Cruising Helmsman" that is about what you are proposing. Might be worth a read.
SandS
SandS
VIC
5904 posts
VIC, 5904 posts
21 Nov 2010 10:50pm

yep its hard enough buying a boat here that suits. put a couple of thousand miles on the task list and and you could add 10 fold the miles in $ i recon.

In the long run , cheaper to buy local .



frant
frant
VIC
1230 posts
VIC, 1230 posts
22 Nov 2010 9:27am
Also don't forget that you will be assesed at 5% duty on the import value of the boat and then 10% GST on top of that. The value of the boat is not necessarily the purchase price but its landed value in Aus. which may be substantially more. Don't even think about trying to deflate the value for customs purposes. Customs have even more power than the ATO over non compliance.
HenryMorgan
HenryMorgan
NSW
8 posts
NSW, 8 posts
22 Nov 2010 12:33pm
This is the boat I am selling...

http://cgi.ebay.com.au/28-Foot-Steel-Mono-Hull-Yacht-/170569102992?pt=AU_Boats&hash=item27b6b5f690

Great boat for cruising around in but I want something just a tad bigger so I can fit more music gear into so I have a mobile studio.

Buying locally doesn't make sense with some of the prices people want!

I would of thought even with customs and the Great Scam Tax I would find something decent over in Asia somewhere...
saltiest1
saltiest1
NSW
2575 posts
NSW, 2575 posts
24 Nov 2010 12:12am
yeah gotta say that id pay a bit more locally.
remember they are slow to sell but fast to buy. bargain the price down over a longer period of time and save heaps.
Ramona
Ramona
NSW
7758 posts
NSW, 7758 posts
24 Nov 2010 8:38am
frant said...

Also don't forget that you will be assesed at 5% duty on the import value of the boat and then 10% GST on top of that. The value of the boat is not necessarily the purchase price but its landed value in Aus. which may be substantially more. Don't even think about trying to deflate the value for customs purposes. Customs have even more power than the ATO over non compliance.


You will also have to register the vessel as an Australian vessel in Canberra before you leave to come home. This costs about $1100. If you are in Asia it can be done online I'm fairly sure. For the vessel you are contemplating the SW ports of California and Mexico may be a better hunting ground.

I would shop locally.
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