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Old 15-04-2014, 07:03   #31
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Quote:
Originally Posted by REsCat
What is your understanding of this? Bob
http://actionplan.gc.ca/sites/defaul...calsummary.pdf

Look at page 5, part way down, there's still some interpretation required but you can see the spirit, the duty will be phased out over something between 3-7 years, I haven't read what gets 3 and what gets 7, a broker will likely publish details when it get sorted out...
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Old 15-04-2014, 07:06   #32
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Re: Buying in the Islands

J,

I am a Brit, my wife US, we bought the boat in Puerto Rico from an Uruguayan and changed the registration from a corporation in the BVI to a UK registration.

The trick is making sure that the seller owns the boat free and clear.

In the last 6 years we have checked into and out of 25 countries without problems.
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Old 15-04-2014, 07:10   #33
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Re: Buying in the Islands

Martin, a Canada flagged boat is probably as good as it gets in terms of world travels/likability ...IMO...and there is no tax implications,its relatively simple, cheap other than what has been stated tax importation wise, so I agree with Palarran... and its the conclusion I reached when buying my own boat.
I think you will be very limited in boats and locations in trying to buy your boat choice in a "taxfree/less" Country and will involve more hassle and travel expense.

Bob
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Old 15-04-2014, 07:21   #34
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Re: Buying in the Islands

Thanks for that accurate and informative link Captivy... that is good news for near term-future consideration.

Bob
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Old 15-04-2014, 08:13   #35
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Re: Buying in the Islands

Captivy... I forgot to ask... your avatar photo.. Benjamins or the Bustards perhaps?...

Bob
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Old 15-04-2014, 08:58   #36
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Re: Buying in the Islands

Try talking to Don at TMM in Tortola BVI, Don is the in-house broker there and the company has been running in the BVI for over 30 years, good solid company and Don is a very experienced broker and a great guy.

You can contact Don here 1-877-648-6721 or email don@sailtmm.com
Skype - donpietrykowski

I know of a Lagoon 42 TPI just come on the market, its the model built in the States and I believe they have a bit of a following as they are so heavily constructed and make a good world cruising Cat, an internet search should give you more details of the model, PM me if you want more details.

Best of luck with your adventure!
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Old 15-04-2014, 09:15   #37
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Quote:
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Captivy... I forgot to ask... your avatar photo.. Benjamins or the Bustards perhaps?... Bob
Good eye Bob! Thomas Bay outside of Killarney looking southwest(ish) , not far from the Bustards...


Shawn
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Old 15-04-2014, 15:19   #38
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Re: Buying in the Islands

The Aeroyacht website says they are the only manufacturer currently making cats over 32 feet in the USA now.
Beside the Lagoon 42 TPI, (of which there were only 51 made), and Canadian made PDQs, are there any other boats that will skirt the duty requirements for a Canadian bringing a boat home to Canada?

It's bad enough to be looking at 13% Canadian taxes to bring the thing home, and probably paying 7% Florida sales tax too, hearing about the 9% duty was a heartbreaker.
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Old 16-04-2014, 12:53   #39
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Re: Buying in the Islands

you do not have to pay FLA. sales tax if you leave in 60 days.
at least that was the law when I purchased a boat there 10 years ago.
good luck
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Old 16-04-2014, 16:17   #40
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Re: Buying in the Islands

You also do not have to pay Fla sales tax, or any other states sales tax/user tax/fees etc if you are a non US, Foreign flagged vessel with a valid 1 year Cruising Permit that can be renewed under various scenarios....and this has been discussed at length in many previous threads.
But!...having said that there seems to be loose interpretations of the above by various States and their officials, as has been reported by some

Bob
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Old 16-04-2014, 19:20   #41
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you do not have to pay FLA. sales tax if you leave in 60 days. at least that was the law when I purchased a boat there 10 years ago. good luck
It is now a 90 day permit, that can be extended to 180 days.
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Old 17-04-2014, 05:28   #42
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Re: Buying in the Islands

Thanks, everyone. That cheered us up. There was no joy thinking that we were going to be hit with yet another fee that would push the tax hit up to almost 30%. With the Canadian dollar currently down 10% from only a few months ago, we were looking to have to add 40 percent to the price of every US boat we looked at. And that being before broker fees, and surveys, travel, and what-not.
22% (tax and duty combined), is more along the lines of what weíve budgeted for, and it will be even better if we can find a NAFTA cat.
For the moment we canít emulate the OPís plan to cruise for the long term, without returning home with the boat.
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Old 17-04-2014, 08:21   #43
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Re: Buying in the Islands

Manta, (not Prout Manta) and Ocean Cats were made in the US. Gemini still is. I think the older Lagoon 35 and 37 were US built also. Endeavor in Fla still builds cats but mostly trawler cats now and I think they used to build the early Mantas. A member here has a sail version. Some of the early Chris White cats were built in the US.
Many monos are still made here including Beneteau.

PS Mantas have a great reputation and hold their value well!
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Old 17-04-2014, 08:59   #44
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Re: Buying in the Islands

Quote:
Originally Posted by Martin J. View Post
I'm looking for a 38' to 45' cat and was wondering about the logistics of buying it in the Islands?
How do taxes, titles and all the papers work. I will want to sail her around the world after and want to be all clear of future paperwork problems...
Any feedback will be good. Thx
#1 hire an maritime attorney
#2 hire a buyers broker to act on your behalf
#3 spend some more time researching your islands - where you'd want to be in relationship to when you want to be there. Ie: don't go to the Caribbean btwn June and October - hurricane season. Grenada gets less damaging winds than PR or the VI's.
#4 when you find your boat - hire a good surveyor - not one recommended by Moorings or on their payroll. You may need to pay for one from the States and fly him there/back.
#5 if you have an IBC - the paperwork can be routed thru it and the attorney will guide you.
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