Offshoreonly.com
Page 5 of 5
« First
3
4
5
Show 40 post(s) from this thread on one page

Offshoreonly.com (https://www.offshoreonly.com/forums/)
-   General Boating Discussion (https://www.offshoreonly.com/forums/general-boating-discussion-51/)
-   -   Tax question (https://www.offshoreonly.com/forums/general-boating-discussion/94099-tax-question.html)

Gary Anderson 03-09-2005 01:28 PM
Re: Tax question
 
Other option for sales tax on used boats, even with a $50K bill of sale;
Title it in a state that doesn't charge sales tax on used boats, ie, IL. Then transfer title to your state. You'll only have to pay an extra tilte fee.

Steve H 03-09-2005 01:32 PM
Re: Tax question
 
Originally Posted by Gary Anderson
Other option for sales tax on used boats, even with a $50K bill of sale;
Title it in a state that doesn't charge sales tax on used boats, ie, IL. Then transfer title to your state. You'll only have to pay an extra tilte fee.
Maybe in some states, but not in Washington. Been there done that. Still had to pay state sales tax. I had to cough up about $6,000. they wanted more than that. But I was able to lower the value on paper.

Steve Hixson

gripit 03-09-2005 02:02 PM
Re: Tax question
 
Originally Posted by Gary Anderson
Other option for sales tax on used boats, even with a $50K bill of sale;
Title it in a state that doesn't charge sales tax on used boats, ie, IL. Then transfer title to your state. You'll only have to pay an extra tilte fee.
How can you title it in a state that doesn't charge sales tax on used boats if you don't have residence in that state?

Gary Anderson 03-09-2005 02:17 PM
Re: Tax question
 
Originally Posted by gripit
How can you title it in a state that doesn't charge sales tax on used boats if you don't have residence in that state?
Having a second residence there, or....... um, a little creativity and a friend or two that live there helps.
Gary

gripit 03-09-2005 02:24 PM
Re: Tax question
 
Is Florida one of those states?


All times are GMT -5. The time now is 10:08 AM.
Page 5 of 5
« First
3
4
5
Show 40 post(s) from this thread on one page


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