Selling Privately

[JamesS]

Hi there,

Can anyone point me in the right direction as to which forms or formats should be used when selling a boat privately?

The boat is not Part 1 registered but is on the small ships Register.

Many thanks in advance.

 

[Skyva_2]

James, you want an MCA Bill of Sale, link here

http://www.ukshipregister.co.uk/msf4705.pdf

 

[GeorgeLlewellin]

You will need a Bill of Sale as already indicated but if you are not a member of the RYA then you could look at this webpage :-
http://www.rya.org.uk/KnowledgeBase/buyingaboat/buyingaboat.htm
and think about joining.

If you are a member then look at this page :-
http://www.rya.org.uk/KnowledgeBase/legal/legalmembers/legalbillofsale.htm
or this
http://www.rya.org.uk/KnowledgeBase/legal/legalmembers/legalmembersonlybuyingprivately.htm
from where you can download an Agreement for the Sale and Purchase of a Secondhand Yacht.

 

[youngwrinkley]

Hi James

You should NOT use the MCA Bill of Sale - it should ONLY be used for Part 1 registered craft.

The RYA one is the one that you want as it identifies the craft by means other than the registered number.

 

[gjgm]

as the seller , I m not sure you need anything, though the buyer may prefer something. Depends on age and value, I think. Last boat I sold, I just gave him a note saying I d sold it to him, and he was happy enough with that.
When you do sell, you ARE required to remove your name from SSR;you can do it online.
Its then up to him to register again. Dont forget the VHF licence too.

 

[Guest]

Why do you need any of them ?

All boats I have bought ... organised for others - have none of those "bills of sale" ...

All sales I have been involved in - mine and friends I've found boats for ... bought privately - Seller has drawn up an inventory, a statement that includes the Boat is free of Lien, claims etc. and seller has full rights to sell etc. Buyer and Seller sign to conclude the transfer of ownership.

What else is there ? (Yes there's SSR / VHF Station Licence to sort ......... but we are taling sales docs). My docs have been accepted by the banks for the credit I've taken ... etc.

Only if you intend to or the boat is already Part 1 reg'd do you need a specific Bill of Sale to comply with the Part 1 transfer.

 

[JamesS]

Many thanks for all your help.

James

 

[lw395]

A bill of sale is useful for the buyer as part of the VAT paper trail. Some people say you should have this for French Customs.
For the seller, it may be useful for proving lack of Capital Gains Tax liability, as yacht-sized transactions may have to be on your tax return, even though you will have made a loss and owe no tax.

 

[Lakesailor]

This is getting like the Estate Agents' scam in which house vendors think they can't sell a house without some leech taking a percentage.
If the boat (as Nigel says) is not Part 1 registered a simple receipt should suffice. Just include detals like no lien, no finance, etc and both sign it.

 

[Guest]

[ QUOTE ]
This is getting like the Estate Agents' scam in which house vendors think they can't sell a house without some leech taking a percentage.
If the boat (as Nigel says) is not Part 1 registered a simple receipt should suffice. Just include detals like no lien, no finance, etc and both sign it.

[/ QUOTE ]

Thanks Lakey ..... I do despair that a few things are creeping into boating life - not through actual admin - but by suggestion of boaters themselves .. this is one that appears to be becoming "fact" by being repeated often ... that Official BoS is only paper allowed ...

If my "DIY" Bill of sale signed by both parties ... stating clearly price, inventory, no lien etc. etc. can be accepted by bank who were lending to buy my last boat - then what is the problem ?

If it's a boat of later than VAT cut off date - then ask seller to produce docs from its original purchase etc.
As to other authorities .. such as Tax etc. - do people really think they haven't heard others stories about buying / selling etc. They are not as dumb as people make out.

I have a situation at moment about Off-Shore bank Account disclosure ... UK Govt managed to get Offshore banks to disclose UK address account holders .. so now it's cough up time if you earned money via those accounts ...
Phoned up the bods ... chatted for 20 mins ... feel bit happier .. I know what to do now .. basically didn't talk to an unfeeling "more than my jobs worth" that most imagine inhabit such offices.

Just make sure it's all listed on the paper ... sign and date ..