Originally Posted by donradcliffe
Look into the tax situation before you get too interested. From Foreign Boat Purchase
"... If I didn't register the boat in SA I had something like 30 days to get the boat out of SA before I owed the tax, again, not very likely to be avoided.
Just asked a friend SA boat builder
about the above 30 day period for new boats. Here`s his response:
"New boats built as export boats mean that all imported materials are brought in under rebate (470.03) and we have an exporters number and a valid import permit
to do this. from the time the imported components land in SA, SA Customs
allow us 1 year to keep it. In other words, the yacht must be exported within 1 year period
There is no tax (they actually mean VAT) to pay if you are an export boat"
So it makes sense that if it`s a used boat
, then it`s likely that the SA VAT has already been paid...