NickiCrutchfield
Well-Known Member
RonR,
Interesting indeed. Useful info filed away. Thanks very much.
Regards,
Nicki
Interesting indeed. Useful info filed away. Thanks very much.
Regards,
Nicki
Buying in the USA and transferring to Europe
- Thread starter ska_mna
- Start date
santeana
Well-Known Member
'Tis a logical thought I confess. The "on-costs" at both ends are largely % based which sort of equalises out. The biggies outside this are "how do you get the boat back home" and the CE/RCD protectionism... sorry, spec upgrades that may be needed. The latter depends on the individual yacht you want and for what purpose. Rather than generalise as you suggest I'd be inclined to focus on the boat(s) I want/like and do the sums. Then compare with either the same boat in UK or one in the identical 'class'. I've seen somewhere recently that the price/cost diff needs to be approaching 30% before you can be confident. (Don't forget to take advantage of VAT differentials around the EEA). Keep us in the loop if you decide to go ahead. Cheers, Ron
Saguday
Well-Known Member
[ QUOTE ]
Kioni - glad you piped-up as I'd guessed you'd done something like that. We've given ska_mna some good feedback so I hope he'll forgive this slight deviation from his topic. Kioni, when going thro' the 12/6 months qualification for VAT exemption outside EU do you know if it is:
1. ok to maintain an address in UK/EU?
2. unnecessary to have an address outside EU provided you can prove liveaboard status for the qualifying term, at least?
Thanks.
[/ QUOTE ]
As I understand it it's irrelevant whether or not you still have a UK address or property - what *is* important is that you are considered *normally resident* overseas for this period and can prove it. An easy way to prove that is to be working and paying taxes outside the country. As I was working over there full time and paying US taxes that bit is fairly unambiguous.
If you lived aboard while working overseas and paying taxes I think it's ok - you'd have had to emigrate or get a work permit and that effectively shows your normal residence has moved out of the country. I don't know how it works if you went liveaboard during that period without the working/emigrating bit. I'm not an accountant (ask LadyJessie, who is!) so don't know whether it's ok to state your normal place of residence as being overseas if, for example, you're receiving a pension or investment income from the UK - and hence paying UK taxes. I suspect not but I'm not sure. As I am still working and a way from pensionable age I haven't looked into this /forums/images/graemlins/smile.gif Needs advice from an expert.
Neil
Kioni - glad you piped-up as I'd guessed you'd done something like that. We've given ska_mna some good feedback so I hope he'll forgive this slight deviation from his topic. Kioni, when going thro' the 12/6 months qualification for VAT exemption outside EU do you know if it is:
1. ok to maintain an address in UK/EU?
2. unnecessary to have an address outside EU provided you can prove liveaboard status for the qualifying term, at least?
Thanks.
[/ QUOTE ]
As I understand it it's irrelevant whether or not you still have a UK address or property - what *is* important is that you are considered *normally resident* overseas for this period and can prove it. An easy way to prove that is to be working and paying taxes outside the country. As I was working over there full time and paying US taxes that bit is fairly unambiguous.
If you lived aboard while working overseas and paying taxes I think it's ok - you'd have had to emigrate or get a work permit and that effectively shows your normal residence has moved out of the country. I don't know how it works if you went liveaboard during that period without the working/emigrating bit. I'm not an accountant (ask LadyJessie, who is!) so don't know whether it's ok to state your normal place of residence as being overseas if, for example, you're receiving a pension or investment income from the UK - and hence paying UK taxes. I suspect not but I'm not sure. As I am still working and a way from pensionable age I haven't looked into this /forums/images/graemlins/smile.gif Needs advice from an expert.
Neil
Heckler
Well-Known Member
ahem!! cobra radios, International setting, Canada setting, or US setting, they are being sold in this country officially being imported by Marathon, you can buy for £89. or buy in Orlando for $89, when a US boat visits here does his radios, electronic bits cease to work? no, so the CE bit is a load of bollox, question, when was the last time anyone has had their electronic bits or boats for that matter checked for CE compliance in this country?
NickiCrutchfield
Well-Known Member
Stu.
Thought I was alone.
Nicki
Thought I was alone.
Nicki
santeana
Well-Known Member
Thanks, Neil, for getting back to what is now an 'old' thread. I retired (early!) so the the interpretation of "....provided you can show non-EU residency of more than 12 months...." is the critical bit. If it simply means proving one was out of EEA for 12 months or more, well, that's no problem. However if it means not receiving salary/pension/earnings from UK then it's a no-go. So...Dear LadyJessie.....
Cheers, Ron
Cheers, Ron
NickiCrutchfield
Well-Known Member
Ron,
What happens if you just live, but don't work, outside the EU for the 12 months?
Nicki
What happens if you just live, but don't work, outside the EU for the 12 months?
Nicki
Heckler
Well-Known Member
N
a mate of mine did it with a boat, he bought it in florida, played the old game of going in and out of the country every 3 months for about 3 years, he then sailed it over here, left it here for a winter then he sailed it to the canaries where he sold it. no payments, nada, on top of that he imported a container load of personal effects which included a 4 by 4, a harley and tons of other stuff. all marked as personal effects, no probs with the customs. so the bottom line, not working cause he didnt have a green card, just out of the uk for over 3 years.
S
a mate of mine did it with a boat, he bought it in florida, played the old game of going in and out of the country every 3 months for about 3 years, he then sailed it over here, left it here for a winter then he sailed it to the canaries where he sold it. no payments, nada, on top of that he imported a container load of personal effects which included a 4 by 4, a harley and tons of other stuff. all marked as personal effects, no probs with the customs. so the bottom line, not working cause he didnt have a green card, just out of the uk for over 3 years.
S
