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Interesting Article on Avoiding Boat Sales Tax

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Old 02-09-2005, 11:03 PM
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Default Interesting Article on Avoiding Boat Sales Tax

Boat Sales Tax Avoidance

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Old 02-09-2005, 11:17 PM
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Default Re: Interesting Article on Avoiding Boat Sales Tax

Just buy it in NH
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Old 02-10-2005, 06:54 AM
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Default Re: Interesting Article on Avoiding Boat Sales Tax

I live in VA but my boat is owned by a corp in the state of Delaware. (I own that corp) It's all on paper, but the boat is subject to Del law not VA. Del has no sales tax or personal property tax. Even a 40k boat saves money this way in VA. Just pay a small amount to maintain the corp each year.
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Old 02-10-2005, 07:10 AM
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Default Re: Interesting Article on Avoiding Boat Sales Tax

That is all fine but if you leave that boat in NJ or Maryland for for 90 days at a marina you are going to pay the state tax!
Each state has people going around checking on these things.
This is big money for them and they are going to collect it.
It is almost impossible to get around paying the tax.
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Old 02-10-2005, 08:27 AM
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Default Re: Interesting Article on Avoiding Boat Sales Tax

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Originally Posted by ck54
That is all fine but if you leave that boat in NJ or Maryland for for 90 days at a marina you are going to pay the state tax!
Each state has people going around checking on these things.
This is big money for them and they are going to collect it.
It is almost impossible to get around paying the tax.
Oh yeah, I forgot about that.....Va isn't that bad, but they do some checking. We keep our boat at our private dock, or on the trailer behind the house. So far....Problem solved.
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Old 02-10-2005, 08:31 AM
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Default Re: Interesting Article on Avoiding Boat Sales Tax

Quote:
Originally Posted by ck54
That is all fine but if you leave that boat in NJ or Maryland for for 90 days at a marina you are going to pay the state tax!
Each state has people going around checking on these things.
This is big money for them and they are going to collect it.
It is almost impossible to get around paying the tax.
Not unless you get some sort of fuel receipt from Delaware. Been there, done that and it does work.
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Old 02-10-2005, 10:38 AM
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Default Re: Interesting Article on Avoiding Boat Sales Tax

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Originally Posted by Pantera1
Just buy it in NH
That was going to be my answer!
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Old 02-10-2005, 10:39 AM
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Default Re: Interesting Article on Avoiding Boat Sales Tax

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Originally Posted by t500hps
I live in VA but my boat is owned by a corp in the state of Delaware. (I own that corp) It's all on paper, but the boat is subject to Del law not VA. Del has no sales tax or personal property tax. Even a 40k boat saves money this way in VA. Just pay a small amount to maintain the corp each year.
No sales or property tax ?? Where do they get you ?
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Old 02-10-2005, 11:39 AM
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Default Re: Interesting Article on Avoiding Boat Sales Tax

my neighbor got popped every time the DNR came in our creek they noted it on the lift with a FL port finally he got a bill. he went to fight it and they had a long list of where the boat was spotted even at the local bars
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Old 02-10-2005, 11:43 AM
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Default Re: Interesting Article on Avoiding Boat Sales Tax

Friend of mine just nailed for the same thing. got notification that he owed for a boat that he traded in 2 years ago. They are getting smarter about this stuff.
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