Originally Posted by Lambretta
very interesting ....... I am launching a new build (50Ft cat) in August this year and was planning to register the yacht in the IOM
This was simply for convenience and that we will not be keeping the yacht in South African waters. The royal ensign (IMHO) is a great flag to sail under.
Well I have pinged the IOM for some clarity on this and will revert once I have heard back from them.
quote is a once off registration fee of 160GBP and then an annual renewal fee of 122 GBP on 1 April of each year.
If this renewal fee has gone through the roof I will be looking elsewhere and open to suggestions
Well I have received an email
from the IOM
The registration fee has gone up to GBP165 ..... no big deal this is an increase of 5GBP
HOWEVER the annual renewal fees for
Boats under 12 meters has gone from 122GBP to 250GBP
Boats from 12 to 24 meters has gone from GBP122 to GBP 500
Boats over 24 meters has gone from GBP122 to GBP 1000
And who knows where this will end?
So in simple terms someone in the IOM has woken up and decided it is time for another wealth tax ....
As Winston Churchill put it ..... when you take from Peter to pay Paul ..... you can always count on the vote of Paul........ except you start to run out of Peter's ........ and this "Peter" is now looking elsewhere.
So they have gone from a fair revenue stream to zero with my business and no doubt others will vote with their feet (or boats
) as well
What a bunch of muppets
Any boat registration suggestions besides Delaware. I am looking at the UK directly and the Netherlands
? I also need to look at Jersey.