Interesting Article on Avoiding Boat Sales Tax
02-09-2005 | 10:03 PM
#1
Thread Starter
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From: Newbury Park, CA
02-10-2005 | 05:54 AM
#3
21 and 42 footers
Joined: Sep 2004
Posts: 8,207
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From: Richmond VA
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.
02-10-2005 | 06:10 AM
#4
ck54
Joined: Jun 2001
Posts: 158
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From: Telford, PA
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.
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.
02-10-2005 | 07:27 AM
#5
21 and 42 footers
Joined: Sep 2004
Posts: 8,207
Likes: 146
From: Richmond VA
Re: Interesting Article on Avoiding Boat Sales Tax
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.
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.
02-10-2005 | 07:31 AM
#6
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Joined: Nov 2002
Posts: 2,399
Likes: 1
From: LONG ISLAND/LAKE MURRAY
Re: Interesting Article on Avoiding Boat Sales Tax
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.
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.
02-10-2005 | 09:39 AM
#8
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Joined: Mar 2002
Posts: 3,459
Likes: 1
From: Winnipesaukee
Re: Interesting Article on Avoiding Boat Sales Tax
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.
02-10-2005 | 10:39 AM
#9
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Posts: 452
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From: Crownsville, Maryland
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 
02-10-2005 | 10:43 AM
#10
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Posts: 4,082
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From: N.E.
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.
