Publications

Sharing Your Yacht – Owner Managed Syndicates

Posted on Categories Maritime & SuperyachtTags

Sharing your yacht with friends, family or trusted business partners can prove to be a cost effective way of ‘having your cake and eating it to’. It’s fair to say that generally your purchase will be emotional and involve a dream. However, every purchase has a cost point where your wishes and reality intersect and this should be considered….

Read more…

A Practical Guide to Buying or Selling Boats

Posted on Categories Maritime & SuperyachtTags

Marcel, Principal Solicitor and Consultant of Vaarzon-Morel Solicitors shares some of his experiences while assisting in boat transactions both in Australia and Overseas alerting the reader to both the practical and legal realities. Early Advice Early contact with your solicitor is in itself an important point, as so often clients contact us after the horse has bolted or should I say…

Read more…

Insurance for Catamarans

Posted on Categories Maritime & SuperyachtTags

You would think that marine insurance policies would be drafted to adequately protect the boat owner generally, given the accepted fact that boats live in a hostile marine environment. And that the insurer’s risk analysis policy would not make the customer the scapegoat, by interpreting their policies so broadly. However, it appears that some insurers are becoming more inclined…

Read more…

How your business can avoid GST when transferring yacht

Posted on Categories Commercial Law, Maritime & SuperyachtTags

 If you’re business is registered for GST and you are looking to restructure, it is important to get the correct legal tax advice, as incorrectly restructuring assets in your business may incur an unnecessary GST debt, which may be costly as boats are generally expensive assets. Given that GST is payable at a rate of 10% on the value…

Read more…