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  #21  
Old 03-27-2002
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seek advice on offshore cruiser

I found the two vol set, Practical Boat Buying" from Practical Sailor particularly helpful in detailing the construction of a lot of boats. They always include information in coring and coring materials. They detail many many boats, from 20ft to 60. I found it invaluable in my search.

I got it at Amazon.

Hope this helps.
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  #22  
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seek advice on offshore cruiser

There is a "sales tax" in most states. It''s referred to as a "use tax." No sales tax in the USVI, New Hampster, and several other states BUT . . . say you live in Maine and buy a boat in the USVI where there is no sales tax. Then you document the boat. The State of Maine has a cross-reference with the USCG Doc station in Falling Waters and in Boston. You MUST register your boat in it''s state of residence. (Although some of these islands down here wouldn''t know what to do with a properly state registered but undocumented boat trying to clear in.) You need not DOCUMENT the boat with the USCG. However, once you do, if your home state carries a sales tax, or the state where you keep the boat carries a sales tax, you''ll be charged either the sales or a "use tax." The "use tax" recognizes that, although the boat may not have been bought in the taxing state, it''s "used" there - typically located there 6 mos a year or more. Generally, you DO get a dollar for dollar offset for any "sales" or "use" tax paid elsewhere. The import tax to the USVI from the BVI is generally only for foreign built vessels, I believe, and I think it''s about 4%. The Good ''Ol State of Maine henpecked me for several years after I bought my boat. I lived in NH at the time, but the boat had been located in SW Harbor, Maine. They discovered the transaction through the Maine Tax Bureau''s hookup with the Coast Guard, since I documented the boat naming Deer Isle, Maine (parents live there). These people are worse than the IRS. I finally told them, after about 4 years of screwing around, that I was "moving to the Caribbean" and if they wanted anything, they better make up their minds. Offer and compromise for the tax amount of 5.5% of the purchase price. Jeesh, they wanted over $5,000. DEMANDED it. I paid $1,760.00 for a release letter. If you are a domiciliary of a taxing state, that state wants sales tax from anything purchased within the state. Buy the boat elsewhere and bring it home, your state will want "use tax." Boy. I''ve even confused myself. Check with each state''s taxing authority, but use and alias.
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Old 03-27-2002
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seek advice on offshore cruiser

Goes something like this......

Simply document back them that the boat is not located in Maine, taxes (show receipts) have been paid to the state where the boat is kept.
Its like owning property, etc. in another state - both states are not entitled to the taxes, only the state where the property is kept. If you ever move the boat back to Maine and Maine has a higher tax rate, then you will owe the differential (of current taxable value) to Maine.
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If I am not mistaken the problem (for VI) is that VI''s boat IS in Maine.
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Ahhhh, but the boat was IN Maine (and it still is, dammit) when I purchased it. So Maine wanted a sales tax, and legitimately so. At the time, I just didn''t realize one had to pay tax on used items other than maybe cars. Never did on outboards, small boats, etc., but got educated by the Maine Tax Bureau. See, NH has no sales tax on anything. Maine Tax people HATE that, b/c everyone runs across the border to buy stuff. So if you were a Maine resident and bought a boat in NH, Maine would expect the "use tax" which is equivalent to the sales tax. And they''d haunt you to your grave and beyond. The person with the earlier post stating she''d like to avoid brokers to avoid sales taxes, er, whut?
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Old 03-28-2002
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Hi VIExile
Sorry, I didn''t mean for my post to be construed that by buying from an owner instead of a broker, I would avoid sales tax. It was in response to a post that recommended that I buy a boat from an owner in the Virgin Islands. Having heard that there was no sales tax in the Virgin Islands. Thanks for your input. I am learning so much.
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