Originally Posted by ocean.jedi
Also, if I sell it state side, I assume I can take it offshore
to do the title transfer without sales tax. My home state has no sales tax for owner to owner transactions.
You being from Reno means nothing to the new owner as far as Sales Tax.
The sales Tax is based on where the boat
was sold in the USA or where it will be Home Ported in the USA. Many states have some tax advantages and some like California
FYI - An Off-Shore Title Transfer gives the new owner the ability to remove the boat from the State without paying sales tax. For instance in many states, if you do an Off Shore Transfer, you are exempt from Sales Tax, but have to remove the boat form the state within a certain amount of time. If you don;t remove the boat, including mechanical problems, you are forced to pay the Sales Tax.
If you keep the boat out of the US for a year, most states will waive the Sales Tax. But some states still require a Sales Tax, if you have never paid it on the vessel and bring it into the US. So always hold on to your tax receipts for the boat.
As far as where to bring the boat to sell it. I wouldn't be so concerned about location as a Good Broker. The Broker will list your boat on Yacht World, which gives the boat world wide exposure. Also the cost of moving the boat to far off places will probably negate any profits.
Of course you should dock
the boat in a convenient location, so that people coming to see the boat can fly in easily and maybe even see several boats at once.
Also remember that your boat maybe subject to State Taxes
if you don't sell it in the first six months.
I wish you good luck!