Cruisers Forum
 


Join CruisersForum Today

Reply
 
Thread Tools Rate Thread Display Modes
Old 06-03-2014, 21:16   #16
Senior Cruiser
 
skipmac's Avatar

Cruisers Forum Supporter

Join Date: Oct 2007
Location: 29° 49.16’ N 82° 25.82’ W
Boat: Pearson 422
Posts: 12,379
Re: Florida Taxes

Quote:
Originally Posted by pistarckle View Post
I do not assume that everyone wants to commit a tax crime , I assume that you might like to pay less sales tax . There are over 1,300 exemptions to Florida sales tax . Personal property between individuals is exempt .
If you are a FL resident and buy a boat in FL and register and keep it in FL then there is no legal way to pay less sales tax. Boats are not exempt unless removed from the state, owned by a non citizen and similar, special circumstances. The tax is 6% (more or less if there are local option taxes added) on the sale price of the boat.

I'm not sure what you mean by personal property between individuals but in the case of a boat (or car or trailer for that matter) it doesn't matter if you bought from an individual or dealer, new or used. You have to pay the sales tax or show evidence that it was paid before you can get the registration.

Of course I may be wrong and if you can show me the Florida statute that has some exemption for a boat for personal use by a FL resident I would be most interested.
__________________

__________________
The water is always bluer on the other side of the ocean.
skipmac is offline   Reply With Quote
Old 06-03-2014, 21:49   #17
Registered User
 
zboss's Avatar

Join Date: Sep 2011
Location: On a boat
Boat: Cabo Rico 38
Posts: 3,426
Re: Florida Taxes

I think the reason this topic keeps coming up is because it is genuinely confusing.

For example...is it really necessary to have a Florida tax rule that you cannot "have planned to use the boat in florida before the purchase?" That's like maybe .2% of the total boats in Florida and is highly inefficient for the Florida jurisdictions to enforce... so why bother?

Any why is the limit that you need to have owned the boat for 6 months? Why not two, or seven?

Personally, I never really thought about spending more than 6 months a year in Florida but now that I am here, its kinda nice!
__________________

__________________
zboss is offline   Reply With Quote
Old 06-03-2014, 21:57   #18
Senior Cruiser
 
skipmac's Avatar

Cruisers Forum Supporter

Join Date: Oct 2007
Location: 29° 49.16’ N 82° 25.82’ W
Boat: Pearson 422
Posts: 12,379
Re: Florida Taxes

Quote:
Originally Posted by zboss View Post
Personally, I never really thought about spending more than 6 months a year in Florida but now that I am here, its kinda nice!
Used to work for a company based in CT. Now work for a company based in MN. Pretty sure I don't want to go to either at the moment.

Maybe around July I'll head back north.
__________________
The water is always bluer on the other side of the ocean.
skipmac is offline   Reply With Quote
Old 06-03-2014, 22:02   #19
Registered User

Join Date: Mar 2013
Posts: 1,440
Re: Florida Taxes

Quote:
Originally Posted by zboss View Post
I think the reason this topic keeps coming up is because it is genuinely confusing.

For example...is it really necessary to have a Florida tax rule that you cannot "have planned to use the boat in florida before the purchase?" That's like maybe .2% of the total boats in Florida and is highly inefficient for the Florida jurisdictions to enforce... so why bother?

Any why is the limit that you need to have owned the boat for 6 months? Why not two, or seven?

Personally, I never really thought about spending more than 6 months a year in Florida but now that I am here, its kinda nice!
Not really that confusing. They want you to pay the tax in Florida if you buy the boat in Florida, or buy it with the intent to keep and use it there. Kind of like when you buy a car, and register it somewhere. You kind of know where you intend to keep it and use it.
__________________
letsgetsailing3 is offline   Reply With Quote
Old 06-03-2014, 22:06   #20
Registered User
 
sailpower's Avatar

Join Date: Jul 2010
Location: Fort Lauderdale, FL
Posts: 784
Re: Florida Taxes

Quote:
Originally Posted by Jerry Woodward View Post
Just to make sure I understand correctly. If I buy a boat in Florida and intend to keep it in Florida, I will owe about 6% sales tax depending on the county. Since the boat will be USCG documented, I will not owe anything else, correct? So, if I buy a $100,000 boat, I will pay the state of FL $6,000 and be done with it? Will I owe them anything else on a yearly basis?
Jerry, I understand your question.

The FL sales tax is a one time 6%. Some counties also have an additional Discretionary Sales Surtax. The last information I have for St. Lucie (2010) was .5%

Also, even though USCG documented there will be annual small FL registration fees.

That's it.

The Use tax that you mentioned is also a one time only tax but won't be applicable to you. It is not an annual tax. It is a way for FL collect from those who bring their boat to FL and have not paid the one time sales tax somewhere else or the one time sales tax was less than Florida's so FL wants the difference.

Enjoy.
__________________
sailpower is offline   Reply With Quote
Old 06-03-2014, 22:07   #21
Registered User
 
zboss's Avatar

Join Date: Sep 2011
Location: On a boat
Boat: Cabo Rico 38
Posts: 3,426
Re: Florida Taxes

Quote:
Originally Posted by letsgetsailing3 View Post
Not really that confusing. They want you to pay the tax in Florida if you buy the boat in Florida, or buy it with the intent to keep and use it there. Kind of like when you buy a car, and register it somewhere. You kind of know where you intend to keep it and use it.
No necessarily true. If you satisfy certain requirements (such as the previously mentioned 6 month rule), you don't have to pay any additional sales tax.
__________________
zboss is offline   Reply With Quote
Old 06-03-2014, 22:11   #22
Registered User

Join Date: Mar 2013
Posts: 1,440
Re: Florida Taxes

Quote:
Originally Posted by zboss View Post
No necessarily true. If you satisfy certain requirements (such as the previously mentioned 6 month rule), you don't have to pay any additional sales tax.
Like I said, not that confusing. The six month thing is to avoid people registering their boat in another state simply to avoid the tax.
__________________
letsgetsailing3 is offline   Reply With Quote
Old 06-03-2014, 22:14   #23
Registered User
 
sailpower's Avatar

Join Date: Jul 2010
Location: Fort Lauderdale, FL
Posts: 784
Re: Florida Taxes

He is buying the boat in FL so the six month exclusion for non FL residents doesn't apply here.
__________________
sailpower is offline   Reply With Quote
Old 06-03-2014, 22:20   #24
Registered User
 
sailpower's Avatar

Join Date: Jul 2010
Location: Fort Lauderdale, FL
Posts: 784
Re: Florida Taxes

Also should add that the FL Sales Tax and Discretionary Sales Surtax combined are capped at $18,000.

Essentially a $300,000 boat and a $300,000,000 boat pay the same $18,000 FL tax.
__________________
sailpower is offline   Reply With Quote
Old 06-03-2014, 22:27   #25
Registered User

Join Date: Mar 2013
Posts: 1,440
Re: Florida Taxes

Quote:
Originally Posted by sailpower View Post
He is buying the boat in FL so the six month exclusion for non FL residents doesn't apply here.
We sidetracked the conversation to cover the law in a general sense. The original question was fairly straightforward.
__________________
letsgetsailing3 is offline   Reply With Quote
Old 06-03-2014, 22:46   #26
Registered User

Join Date: Jan 2010
Location: Narragansett Bay
Boat: Able 50
Posts: 3,057
Re: Florida Taxes

Florida boat taxes are one of the better deals going around especially for the bigger boats. It is only paid once per owner. Plenty of states have sales tax plus an annual use tax.
__________________
savoir is online now   Reply With Quote
Old 07-03-2014, 06:30   #27
Registered User
 
sailpower's Avatar

Join Date: Jul 2010
Location: Fort Lauderdale, FL
Posts: 784
Re: Florida Taxes

Quote:
Originally Posted by letsgetsailing3 View Post
The original question was fairly straightforward.
You wouldn't have thought so with some of the answers he was getting.
__________________
sailpower is offline   Reply With Quote
Old 09-03-2014, 13:23   #28
Registered User
 
Rhapsody-NS27's Avatar

Join Date: Oct 2010
Location: VA, boat: Deale, MD
Boat: 1981 Nor'sea 27
Posts: 1,409
Re: Florida Taxes

Quote:
Originally Posted by savoir View Post
Florida boat taxes are one of the better deals going around especially for the bigger boats. It is only paid once per owner. Plenty of states have sales tax plus an annual use tax.
That's what CA tried doing to me just because the hailing port on the boat is Dana Point, CA. I had to send them papers to show that it was bought and stored/used outside of the state. Haven't heard anything since.
__________________
Daniel - Rhapsody Blog,
“A sailor’s joys are as simple as a child’s.” — Bernard Moitessier
"I don't need therapy, I just need my boat"
Rhapsody-NS27 is offline   Reply With Quote
Old 09-03-2014, 13:51   #29
Registered User

Join Date: Jan 2010
Location: Narragansett Bay
Boat: Able 50
Posts: 3,057
Re: Florida Taxes

Quote:
Originally Posted by Rhapsody-NS27 View Post
That's what CA tried doing to me just because the hailing port on the boat is Dana Point, CA. I had to send them papers to show that it was bought and stored/used outside of the state. Haven't heard anything since.
Don't let the hailing port thing confuse you. What is important is where the boat sits. Go over their time limit and the CA tax man will slug you for property tax. I'm not in CA anymore so I'm out of touch with current time rules and not interested in looking it up.

The tax guys really do walk the docks. I've seen them.
__________________
savoir is online now   Reply With Quote
Old 09-03-2014, 14:16   #30
Registered User
 
Rhapsody-NS27's Avatar

Join Date: Oct 2010
Location: VA, boat: Deale, MD
Boat: 1981 Nor'sea 27
Posts: 1,409
Re: Florida Taxes

Quote:
Originally Posted by savoir View Post
Don't let the hailing port thing confuse you. What is important is where the boat sits. Go over their time limit and the CA tax man will slug you for property tax. I'm not in CA anymore so I'm out of touch with current time rules and not interested in looking it up.

The tax guys really do walk the docks. I've seen them.
Where the boat sits now in KY, the county sheriff, (I think) comes by water to look around for getting USCG Doc'd boats to pay KY Property taxes. I'm hoping to move the boat to MD and will probably change the hailing port while I'm at it.
__________________

__________________
Daniel - Rhapsody Blog,
“A sailor’s joys are as simple as a child’s.” — Bernard Moitessier
"I don't need therapy, I just need my boat"
Rhapsody-NS27 is offline   Reply With Quote
Reply

Tags
florida, taxes

Thread Tools
Display Modes Rate This Thread
Rate This Thread:

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 Off
Pingbacks are Off
Refbacks are Off




Copyright 2002- Social Knowledge, LLC All Rights Reserved.

All times are GMT -7. The time now is 04:01.


Google+
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.
Social Knowledge Networks
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.

ShowCase vBulletin Plugins by Drive Thru Online, Inc.