Originally Posted by Nauticatarcher
An Australian citizen can not own a foreign registered boat, as registration bestows nationality on a vessel only citizens of the country of registration can own it, if buying a boat in the States that is in US Coastguard Registration you have to have it removed from there register and then registered in Australia before you can proceed offshore, this process alone could take 3 months, then as an a Australian registered vessel arriving in Australia for the first time you will be liable to taxes and duties on arrival, it is still possible to get a good deal but you need to do your homework and costings carefully
This can't be true in all cases. I am a resident US citizen in Singapore
and I definitely own a foreign registered (Singapore) boat.
I haven't looked into all the details but if the boat is registered in Singapore
already there is no sales tax (GST) - Singapore does not charge GST in used stuff transfers within Singapore.
Importing a boat however is subject to 7% GST.
One option to consider is "retiring" in Thailand
. Cat Man Do might like the Malaysia
option. Plenty of nice marinas
and although muslim Malaysia is very religion tolerant and has a very stable government
with very decent legal
systems. Property ownership
laws are clear as opposed to Thailand
where a couple of friends have done bad deals. The Philippines
, unfortunately, while very friendly and English
speaking, is a disaster in regards to property ownership
One thing to investigate is taking up retirement
residency in a foreign country like Malaysia and importing the boat there. What's the Aussie government stance on a boat sold "outside" the country.
i.e. If I buy a boat in Australia for immediate export - Do I pay sales taxes in Australia?
What if I take delivery
off-shore? This is pretty common. Sail the boat out of Australia waters and move it to a second country.
I'd like to consider boats from Oz and this would be good to know.
BTW - Sales taxes on used goods is the stupidest thing governments do.
Here's a link oe two to Malaysia retirements.
Malaysia my second home program get second citizenship, retire, live in Malaysia
My Malaysia - MALAYSIA: An Asian Retirement Paradise - Vacation