Join Date: Jun 2000
Location: CT/ Long Island Sound
Thanked 34 Times in 33 Posts
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Taxes and registration costs
More and more states are getting wise to "out of state" or "foreign" ownership. Connecticut, for example, charges a fee if a boat stays moored in CT for more than 30 (I think) days. This is regardless of what state it''s registered in. Foreign registration may make U.S. documentation difficult...and subject you to really exciting taxes like TVA or VAT, which make U.S. sales taxes look like chump change. By the time you''ve paid a service (or lawyer) to look into it, paying the tax might be cheaper. It would certainly be simpler.