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OFFICIAL BOAT BUYERS GUIDE
An essential guide for the buyer.
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WHY CHOOSE JD YACHTS?
  • 30 years of expertise and experience
  • Your money is secure with our dedicated client holding account
  • Advertising space on all the leading websites
  • Advertise in recommended marine publications
  • An extensive database of prospective buyers & sellers
JD YACHTS ARE APPROVED MEMBERS OF
ABYA BMFBRB

Advice For Sellers

Sell your boat

THE PROCESS

We need to provide a buyer with a comprehensive 'package' of information, including all technical information. The boat should be cleaned, serviced and in full working order.

The registration process with JD Yachts is very simple. We use the internationally recognised British Marine Federation and UK Royal Yachting Association recognised conditional or unconditional contracts for the sale or purchase of a second hand vessel.

As the seller, it is your responsibility to provide the necessary proof of ownership, or if you are acting for the owner that you have the permission of the owner. Proof of ownership is a pre-requisite of any sale and should be made available to ensure no delays in the sale process.

CONTRACTS

English law applies to all transactions. JD Yachts uses a sale contract (for sale or purchase) recognised by the British Marine Federation, of which we are a member.

The Recreational Craft Directive 94/25/EC – European Economic Directive, states:

A boat does not need to comply with the RCD if:

  • It is one of the exclusions - principally craft intended solely for racing plus other minor categories
  • It was built in the EEA prior to 16th June 1998
  • It was in use in the EEA prior to 16th June 1998
  • It is only visiting the EEA for reasons of tourism or in transit

A boat does need to comply with the RCD if it is not one of the above and if:

  • It was first placed on the EEA market after 16th June 1998
  • It was put into service in the EEA after 16th June 1998
  • It is a home built boat placed on the market within five years of completion
  • It is an experimental or racing boat being redesigned for compliance with the RCD

The EEA includes all EU States, their overseas territories and dependencies and Iceland and Norway.

VAT

JD Yachts will assist with your VAT queries, however it is ultimately your responsibility to confirm any VAT liability.

If you are a resident of the EU you should only use a vessel in the Community if it is VAT paid. You need to keep documentary evidence at all times in case you are asked by customs officials to prove the VAT status of your boat. Documentary evidence includes:

  • Original invoice or receipt
  • Evidence of VAT payment at importation
  • Invoices for the construction of a 'home built' boat

It is worthy of note that a registration document does not prove the VAT status.

There are certain boats that are 'deemed VAT paid'. These are 'private pleasure craft' that were in use prior to 1st January 1985 and were in the EU on 31st December 1992. Documents that may be of use to prove the age and location of the boat:

AGE

Marine survey Part 1 Registration Insurance certificate

LOCATION

Receipt of mooring Receipt for harbour dues Dry dock records

We advise you always contact the relevant authorities before travelling to confirm what documentation will be required.

If you are a commercial organisation in the EU, you should ensure that VAT is shown separately on the invoice. The VAT needs to be paid by you to the relevant collection authority. If you are a business or an individual in the EU with no VAT liability, ensure you obtain evidence that VAT has been accounted for.

If VAT has been reclaimed on a company owned boat that is sold, VAT must be charged on the full sale value.

UK customs have a useful National Yachtline that will assist with any queries: +44 (0) 845 723 1110.

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