A revolution in design from the industry leaders. Lagoon Catamarans have begun to reveal to the public some initial teasers of this long awaited development. TMG Managing Director John Cowpe commented “the project has been under wraps for a long time with thousands of development hours invested, as always Lagoon has had the best designers and interior experts on board throughout. This new 42 is seen to be leading the way in comfortable, ergonomically smart and easy sailing and we are excited to be showcasing a 42 at the 2016 Sydney International Boat Show.”
Not the sexiest subject and often the last thing you’d think about when considering your yacht purchase, but Tax and Duty Laws are probably the most important, especially when importing from another country. For many reasons prospective buyers look overseas to purchase yachts and while this article does not consider the rights or wrongs of this practice, when it comes to yacht construction in Australia the reality is this industry is all but gone. Adding to this Australian economic story, the larger American market and weaker European markets have resulted in comparatively cheaper prices for Australians. However, any price advantage may be quickly lost if taxes and duties are not considered before money changes hands. Given the breadth of this topic this article will specifically focus on the Duty Payable, Customs Value and Goods and Services Tax (GST) for a yacht originally built in Italy and finally purchased from America.