There aren't necessarily any benefits to an offshore
sale. As each boat is unique, each boat purchase
is unique. The only thing that is for certain is that the purchased boat can be brought back into the US.
Sales tax, as with anything governmental, is a bureaucratic mess. It varies from state to state, with each state having its own laws and loopholes. You will need to consult the tax code for the state you live in. You may be able to delay paying sales tax indefinitely, or you may have as little time as a week. For example, Rhode Island
and Missouri do not charge any sales tax at all if the value of the boat (i.e., megayacht) is above a certain amount. From what I've read, in Washington
, if you never bring the boat back into the US, you never have to pay sales tax. Of course, I am not a tax expert, so please do your own research
for your specific state.
Chances are, you're going to have to pay taxes
eventually. You might as well pay them now, as tax rates will only increase, especially if you're in California
and the fiscal mess therein.