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Old 06-20-2015, 10:26 PM   #1
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Default UK resident purchasing yacht in USA

Hi, I am thinking of buying a small yacht in the USA to keep in the US and sail for the summer months there.
Not sure how this works if I reside in the UK and it would be good to fly a British Flag too, but not sure how this works with US regs.
Can anyone help please?
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Old 06-21-2015, 07:18 AM   #2
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The boat flies the flag of the country it is registered in. That part is a given/requirement The boat can also fly the flag of the captain (you) as well as crew (if you see fit) and that information isn't really in the USA regs but found in discussions of flag etiquette in books like Chapman's etc.
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Old 06-21-2015, 12:20 PM   #3
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Default buying in the USA

Hi, thanks for the reply, but that bit I already knew and I am sorry not to have worded the question better.
I was wondering how difficult it is for a UK resident to buy and keep a US flagged boat out there.
Then as an aside, could I re-flag the yacht in the UK and what rules in the US would come into play?
Also not too clear on how insurance companies will view any of this!
Thanks
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Old 06-23-2015, 07:05 PM   #4
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Hi Robbell , just curious what boats interest you ? I'm guessing you will be looking on the east coast ? I'm also guessing it should be no problem at all for you to buy and keep a boat here in the US , provided you stay up on the taxes .
These guys will give you the bottom line on insurance . Good luck ,keep us posted .
https://www.boatus.com/intuitiveApp/...FRWUfgodXi4AwQ
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Old 06-23-2015, 09:38 PM   #5
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Hi thanks for the insurance link. Looking to sail again in Chesapeake and Maine. It is the issue of taxes that are of interest and hence the question.
Where do I go for this information please?
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Old 06-24-2015, 07:01 AM   #6
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HaHa , I can't resist this ,please forgive me . You got's to talk to the man , Uncle Sam ! OK, I'm sorry for that . I'm sure Boats US can give you all the tax info .
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Old 06-24-2015, 09:41 AM   #7
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OK thanks for that, but in my experience of sailing to the USA a few years ago, I found Uncle Sam very unhelpful, but happy to quote any number of Federal laws which in practice differ between States!
I had the most wonderful time and two great years which is why I want to return, but wanted to get the real life low down on how this works.
Thank for the feedback though and I will contact Boat US.
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Old 06-24-2015, 04:05 PM   #8
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Gov. agency , bureaucratic & unhelpful ? Why I have never experienced such a thing! Ahem.... For sure every state is different . In California , Los Angeles , you basically pay a sales tax when you purchase , then you pay the registration fee to get your bow numbers and sticker . Once a year we pay a property tax on our boat . I would also say that if you go through a broker to buy your boat they would be helpful making you are all paid up .
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Old 06-24-2015, 04:13 PM   #9
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Many thanks for this.
I understand that Delaware is the State to set up a Corporation to buy the boat and handle things through that. Not easy for a Brit to buy and register a yacht in US without a home address and zip code out there!
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Old 06-24-2015, 04:43 PM   #10
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Hi Rob , I'm by no means telling you how to handle things . If it were me , I would just buy the boat and keep everything within one state . I would keep things as simple as possible . I don't know if this will work , but it is easy to get a mailing address at a shipping store . Another thing, if you finance the boat that could put you in a different category . But if you have already done this , what will be different than before ?
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Old 06-24-2015, 05:50 PM   #11
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OK Thanks again and I have taken your points on board here.
I am not having to finance the purchase so that is not an issue.
You have given me lots to ponder and Boat US and a broker are the next calls I have to make I guess.
Many thanks again.
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Old 06-25-2015, 12:21 AM   #12
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You are welcome . Keep us posted .
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