'Tax Paid' Boats on YacthWorld

[Russt1950]

I am looking at boats on Yacthworld and have a boat I'm interested in. On side of the price it is written "Tax paid". What does this mean.
Thanks Russell

[tropicalescape]

Originally Posted by Russt1950

I am looking at boats on Yacthworld and have a boat I'm interested in. On side of the price it is written "Tax paid". What does this mean.
Thanks Russell

I happen to be an expert on such matters and I can tell you for certain that this means the taxes have been paid..ha ha ha..wheres the boat located?might mean the VAT if in Europe..DVC

[Russt1950]

The boat is located in Alabama

[tropicalescape]

Originally Posted by Russt1950

The boat is located in Alabama

They dont have VAT..Its called the PIT...I bet the owner is in Texas..I was only ** ...being silly..and I am a Republican..really... even we know something is wrong ..soon we wont be able to leave OUR country..sail away NOW.....DVC

[Pavalijo]

For a boat that is in europe it means that VAT has been paid. I am no expert but it seems that if a boat is put into charter or used for corporate events etc then the owner can recover VAT on purchase. When then offered for sale it will show as tax not paid, and purchaser will have to pay VAT on the purchase price (20% here in uk) if bought for private use.

I am possibly looking to buy a boat in US or caribbean in the next year and will keep it in caribbean for winter use. If I sail it back to UK, or indeed if I stay in a french island for too long then I would become liable to pay VAT on the assessed value. So I won't be doing that!!

[djmarchand]

It is possible that the Alabama boat was originally purchased in a European country and the VAT was paid on it. That is generally what the "tax paid" notation means and it is important for European countries with a VAT tax.

But as a US purchaser this is irrelevant. Whether you pay sales or use tax when you buy the boat depends on where you plan to use the boat.

[bangkaboat]

In simplest terms; the boat came from elsewhere, the necessary import taxes have been paid, so the buyer doesn't have to concern themselves with that. Example: I bought my boat in California. If I take it to Canada or the Philippines, or most places, It will be subject to an import tax. In your case, the import tax has been paid, so, one less thing to fork out money on. Otherwise, you'd have to pay the money or remove the boat. Often, in a slow market, these "tax not paid" boats are past their "pay up or remove it" date, ergo, delinquent.

[pslive]

Other than state registeration and taxes, does anybody know what the fees or tax rates are on new boats imported into the US from places like South Africa or France?