Go Back  Offshoreonly.com > General Discussion > General Boating Discussion
Sales tax only on vessel not outboard motor >

Sales tax only on vessel not outboard motor

Notices

Sales tax only on vessel not outboard motor

Old 01-23-2007, 09:11 PM
  #1  
Registered
Thread Starter
 
florida gator's Avatar
 
Join Date: Sep 2002
Location: Clearwater, Florida
Posts: 2,219
Likes: 0
Received 0 Likes on 0 Posts
Default Sales tax only on vessel not outboard motor

Not sure if this is new since I haven't bought a boat with an outboard in a while but when I met the seller of my new boat to transfer the title the clerk explained that we needed to reach an agreement on the price of the vessel and a price for the motor since only the vessel is taxed. Needless to say, I just bought a pretty expensive outboard and a cheap vessel
florida gator is offline  
Old 01-23-2007, 09:12 PM
  #2  
Registered
 
FeverMike's Avatar
 
Join Date: Jan 2001
Location: Tampa
Posts: 6,665
Received 9 Likes on 5 Posts
Default Re: Sales tax only on vessel not outboard motor

Must be only with used boats...never heard of that even when I sold my Concept.
FeverMike is offline  
Old 01-23-2007, 09:33 PM
  #3  
Banned
 
cuda's Avatar
 
Join Date: Sep 2001
Location: Deland, Florida
Posts: 25,191
Likes: 0
Received 0 Likes on 0 Posts
Default Re: Sales tax only on vessel not outboard motor

I never heard of it either.
cuda is offline  
Old 01-23-2007, 10:37 PM
  #4  
Registered
 
cgarrett's Avatar
 
Join Date: Jun 2001
Location: Mecca, Ohio
Posts: 1,003
Likes: 0
Received 1 Like on 1 Post
Default Re: Sales tax only on vessel not outboard motor

Might be different in Ohio but last year I paid sales tax.
I am looking at the Memorandum Titles and they broke them down so I paid tax on the boat and then each of the 2 outboards had seperate titles also.

On I/Os here the boat and motor(s) are all on one.

Cordell
cgarrett is offline  
Old 01-24-2007, 08:39 AM
  #5  
Registered
 
Join Date: Oct 2000
Location: Ft Myers, Fl
Posts: 188
Likes: 0
Received 0 Likes on 0 Posts
Default Re: Sales tax only on vessel not outboard motor

Gator....thats the way it works in Florida....sales tax on the boat only. Supposed to be on outboards, but I got away with listing the hull separately from the 2 i/o engines and saved a helluva lot on taxes. Obviously the engines were expensive and the hull cheap.
AGGRAVATION28 is offline  
Old 01-24-2007, 11:06 AM
  #6  
Registered
 
Join Date: May 2006
Location: Ft Myers, FL
Posts: 23
Likes: 0
Received 0 Likes on 0 Posts
Default Re: Sales tax only on vessel not outboard motor

Wait a second...are you saying that used outboards in Florida are not subject to state sales tax?

I'm asking because I just bought a used 300x from a Mercury dealer and was charged tax. I questioned the dealer at the time and was told all used outboards were taxable in Florida.

Thanks for the help-
NoGas is offline  
Old 01-24-2007, 11:12 AM
  #7  
VIP Member
VIP Member
 
OldSchool's Avatar
 
Join Date: Dec 2001
Location: Cape Coral, Florida
Posts: 10,367
Received 342 Likes on 114 Posts
Default Re: Sales tax only on vessel not outboard motor

Originally Posted by NoGas
Wait a second...are you saying that used outboards in Florida are not subject to state sales tax?

I'm asking because I just bought a used 300x from a Mercury dealer and was charged tax. I questioned the dealer at the time and was told all used outboards were taxable in Florida.

Thanks for the help-
Let me guess.......... their area code is either 305 or 954?

I think that you may have been exposed to the "South Florida Shuffle".
__________________
Happily retired and living in Heavens waiting room.
OldSchool is offline  
Old 01-24-2007, 02:56 PM
  #8  
Registered
 
Join Date: May 2006
Location: Ft Myers, FL
Posts: 23
Likes: 0
Received 0 Likes on 0 Posts
Default Re: Sales tax only on vessel not outboard motor

Just found this...

"When you purchase the vessel, motor and trailer together from an individual, you will not have to pay sales tax on the outboard motor if you can provide an itemized and notarized bill of sale signed by the seller. You will pay sales tax on the vessel and trailer. (This exemption does not apply to inboard motors or if you have purchased the motor from a dealer of store.)"

I guess the dealer was correct in charging sales tax.

All the sudden I might be in the market for a used outboard cat
NoGas is offline  
Old 01-24-2007, 03:03 PM
  #9  
Registered
Thread Starter
 
florida gator's Avatar
 
Join Date: Sep 2002
Location: Clearwater, Florida
Posts: 2,219
Likes: 0
Received 0 Likes on 0 Posts
Default Re: Sales tax only on vessel not outboard motor

It was a complete surprise to me but a good one. She actually handed us a generic bill of sale, we filled it out and she notarized it. Saved me alot of $$
florida gator is offline  
Related Topics
Thread
Thread Starter
Forum
Replies
Last Post
lotti
General Boating Discussion
31
02-19-2005 03:35 PM
Donzi Corleone
General Boating Discussion
1
09-14-2002 06:39 PM
PIERFECT
Baja
18
07-22-2002 08:14 PM

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On


Quick Reply: Sales tax only on vessel not outboard motor


Contact Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service

Copyright © 2024 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.