Join Date: Nov 2011
Location: Home Port: Tucson AZ
Thanked 1 Time in 1 Post
Rep Power: 0
Document or register my vessel?
I hope that I am not co-opting this thread but how about this scenario, please:
I am a resident of Arizona. I am buying a boat that's registered in Florida but stays in the Bahamas where the POs have kept it for years with an annual Cruising Permit. I plan to keep it there too for the next couple of years, at least, spending six to eight months a year living aboard and sailing the Bahamas, progressing deeper into the Caribbean as confidence grows, only visiting Florida occasionally and briefly to equip and provision.
The boat is CG documented and I plan to renew that. It'll be insured. Given my plans to use it, should it be state registered? Would that be Arizona? What advantages or disadvantages should I consider? Am I obligated to pay someone sales or use tax?