Ok I've read a number of posts and threads and would like to get some feedback on this plan.
We are trying to get things in line and start executing our transition from jobs to cruising. Currently both working in NC, both finished our ASA
101,103,104 and 114. Looking at a 40-44ft cat for the two of us and most likely a cat, a furry ones...
So step one get an address, Drivers License
etc. in FL thru St. Brendan's Isle in FL. Change of residence to be FL residence with no state income
Step two in purchasing
our boat in ? MD ? get it Documented with the USCG and register it in our "planned" cruising grounds, Hampton or Poquson VA. Both locations have marinas
and zero property taxes
. VA has a sales tax capped at $2000. We'd probably get acquainted with the boat and keep a slip initially.
Somewhere after buying
the boat, sell the home in NC and move aboard fulltime.
Quit both jobs or work remote
if we felt like it.
We aware of the 60-90 day rules so we would make sure to stay around our home port in Hampton/Poquson or keep moving so as not to incur any other states taxes
Over a year or two we want to gain experience on the East coast
and then go for the Carib. maybe further or back to the East Coast
Am I missing anything???
When we first started looking at it we thought register in FL and pay the 18K but after some research
, MD is capped at 15K and in VA sales tax is capped at 2K. And the 0 prop tax in a few VA counties will save a good deal of cruise
Any feedback is welcome, obviously a little planning for favorable tax treatment is a high priority.