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QueenBee2 said..
Does gst apply to boats over 2 years old??
when I moved countries gst was payable only on items newer than 2 years old. Is this different for boats?
trav my pic pic would be the beneteau 43 Cyclades , as seen in "la vagabonde" you tube vids. theres about 4/5 currently
for sale in different part of the world from 80-120 usd.
GST is payable on the cost of getting the boat here eg. fuel, food, and any other associated costs. If the boat was built in a country with which we do not have a trade agreement with then there will also be a 5% import duty regardless of age.
The Beneteau Cyclades would be amongst my last choices, these really are what the Yanks call a "Chlorox Bottle" boat. Built very cheap to be put into charter fleets,very low standard of build with almost no stowage facility, the very thing you need on a long crossing. Before anyone starts and says, yeah but "La Vagabonde" is doing it, yes they are and at the moment are having incredible luck with their boat, even though they had to strengthen the rudder tube, I feel at some point in time they will also have to substantially strengthen the stem fitting as there have been a few of the Cyclades tha thave pulled theirs out of the hull.
Having said all that, they are fine as a coastal cruiser or as a giant floating party barge that belongs to a hire company.