UK resident, soon to be Canary resident, hoping to buy a yacht in the Canary islands

[RMD]

Hi All,

I am currently a UK resident but will become a Canary islands resident next year (2027). I have seen a yacht I would like to buy which was sailed from UK to Canarys under TA and currently berthed in the islands. I intend to sail the yacht in the Canary islands only. The current owner is non-EU and the TA has currently expired.
My understanding is that the yacht is currently classed as non-union goods.
My question is what would the legal (expired TA, forced importation) and financial (Canary taxes, penalties) implications be:
If I were to buy her while a UK resident?
or
if I were to buy her as a Canary resident ?

Thank you for any advice you can give.
R

 

[Tranona]

Although part of the EU the Canary Islands are not in the EU VAT area so TA does not apply. However you may well have problems with registration as when you become non UK resident you can no longer use the SSR. You may also find that as a local resident you will need to comply with local rules on licencing. Hopefully CI resident forum member billskip will be along to comment on this aspect.

 

[Refueler]

Why are you losing UK residency ? OK - I have still have my full rights as a UK Citizen .. but as I do not have a UK address - SSR is refused. This may be your case ? I can strangely have Pt1 Registry though .. but costs and complexity outweight that option.

As to Canary Islands - I cannot answer for that location ... but would it not be similar to most other states - if the craft is still there after its allowed period - then surely penalties will be applied regardless of what happens ? If you buy it - then penalties may transfer with title ? to you as new owner ?

Would Canary Islands apply similar rule as other EU states - you can only register the craft by showing it was already registered elsewhere and that you have a letter of Cancelling that registration ... its serious here in Baltic States - primarily to reduce the number of scrap boats being brought in ! When I registered my 25ft with Latvian Registry - I had a letter of cancellation from SSR.
My 38ft when I bought - was placed on the Swedish Cruising Clubs International Registry which then opened up all EU for it .... 50 euros for 2 years .. think its just gone up a bit ... but its easy to apply .. cheap as chips ... literally anyone can do it ..

IMHO - question comes down to the crafts present legal and penalty situation in Canary Islands ... if that's easily sorted and not prohibitevly costly - then exploration of registry solutions ...

NOTE : I do not post this as a solution. Just a discussion post and possibility ??