Buying a boat from America

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lpeters
Midshipman
Posts: 1
Joined: Sun Apr 06, 2008 1:36 pm

Buying a boat from America

Post by lpeters »

Hi I wonder if anyone can help,

due to the strength of the pound in the US at the moment we are looking to buy a boat out there however we do have some concerns in regard to bringing it back to Europe and paying VAT on it, we do understand that VAT will need to be paid which isn't the problem our concern is if the boat ends up being valued at more than what we paid for it which could then take us way over the budget that we have, can you please give us any advise on this matter and also are there any other pit falls that we need to look out for?

Any help and advise you can provide would be very much appreciated.
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Arghiro
Old Salt
Posts: 917
Joined: Tue Jan 01, 2008 12:54 pm
Boat Type: Pentland Ketch
Location: Midlands

Post by Arghiro »

Now I know nowt about this, but that ain't gonna stop me! :lol:

I just reckon that if you pick a European make, it will be less valued in USA, AND there is unlikely to be a problem with EU compliances.
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