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US yacht not forsale to US customers in US waters.

 
 
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Old 07-14-2009, 11:14 PM   #1
Neil1
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US yacht not forsale to US customers in US waters.

Hi team.
Little Aussie here dreaming of bigger things have found a few
US boat brokerages who in there advertisements quote
"vessel is not available to US residents while in US waters".
I suspect this is to do either with some kind of tax duty.
Just curious and would like an explanation.

Thanks all neil.
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Old 07-15-2009, 01:16 AM   #2
K1W1
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Hi,

This is used when non US Flag vessels are shown for sale.

You have correctly guessed the reason.
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Old 07-15-2009, 03:57 PM   #3
PropBet
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Foreign vessel, advertised to US citizens through different channels or publications. Sake is typically consummated 3 miles off shore / outside of US Waters. And yes, taxes, or VAT is essentially the reason.

Boat must stay off shore, unless of course you wish to flag it in the US and pay the VAT on it. (or enter temp. on a permit, which again, you'll pay for)
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Old 07-15-2009, 07:18 PM   #4
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Thanks Guy's
Much appreciated.
Neil.
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Old 07-15-2009, 08:35 PM   #5
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Quote:
Originally Posted by PropBet
Sake is typically consummated 3 miles off shore / outside of US Waters.
Are they consuming sake? Or consummating a sale?

In all seriousness, it is not necessarily a tax dodge for vessels over 300 tons. As I understand it the US doesn't really recognize anything over 300 as a private vessel and, as such, requires commercial manning and safety standards.
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Old 07-15-2009, 08:37 PM   #6
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Vodka / Tonic making it's way though to my post.
*sale*

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