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  #11  
Old 10-02-2003
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import duty or tax when importing a boat

On this last point I have a similar question. Many years ago, I was told that interest on a boat mortgage is tax deductible if the boat is used as, or considered to be, a second home. And I think they were depreciable in the same way as a land home.

Is this true?

Chas
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import duty or tax when importing a boat

Yes--with a few provisions...a bathroom (head) kitchen (galley) and sleeping quarters. Porta-potties don''t qualify, and my accountant said the sleeping quarters had to be "separate". I didn''t deduct the interest on our daysailer, but on the past two boats I have with no problems from the IRS and CPA approval
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import duty or tax when importing a boat

One more point though... why are we asking these very important legal questions from message boards instead of calling the IRS, an accountant or the proper legal authorities about imports. I would hate for someone to make a decision that would have grave financial/legal ramifications based on a bulletin board. These are fine for opinions on how someone likes a boat, a piece of equiptment etc...
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import duty or tax when importing a boat

Yes, I agree. We should not be asking specific, technical and legal questions to non-specialists.

Which reminds me-- I am thinking of buying a boat in a state with a sales tax nearly twice the sales tax of my home state. Can I buy the boat without paying sales tax in the other state and pay my home state''s sales tax when I register it here?

And if the boat is nationally registered or foreign registered, would this change the amount of tax I would have to pay?

Chas
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Old 10-02-2003
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import duty or tax when importing a boat

... But how about our countries(USA) normal property tax. Are boats taxed yearly based on thier value like homes/real estate? How much? Or if not, is it because they are for pleasure and not a home? If you live on your boat does the tax status change?...

There are no federal boat taxes, only thosee of the state in which you live and/or keep the boat. These sales, property or use taxes vary widely by state. In general you can expect that the state which would want one or more of these taxes from you, will find you and your boat and collect them, with fines and interest if tey were not paid on time.
(I had been living in Minnesota for three years when Massachusetts started dunning me for sales taxes that they felt I as a Mass. resident at the time, should have paid on a boat that I bought in Maine. I eventually gave in and paid the tax...)

good luck.







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import duty or tax when importing a boat

...Which reminds me-- I am thinking of buying a boat in a state with a sales tax nearly twice the sales tax of my home state. Can I buy the boat without paying sales tax in the other state and pay my home state''s sales tax when I register it here?...

You should be able to do that. If you are buying the boat from a dealer and the state requires the dealer to collect sales tax, see if they will "deliver" it out of state and not collect the sales tax. Often what is called a "sales" tax is actually a "use" tax - the state wants the tax paind on propoerty such as boats. being used in the state, regardless of where the sale of the property occurred. In Massachusetts, car and boat taxes are ''use" taxes.
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importing a boat from Brazil to the US, but then back out again?

Hello, Thanks to everyone about information on the process and duty for importing a foreign boat to the US. I've got a slightly more complex question: I'm a Brazilian resident but US citizen and I'm thinking of buying a boat in Brazil to bring to the US. The 1.5% duty there is straightforward. However, I'm planning to spend 6 months in the US and 6 months in Brazil for the next few years. Importing a boat to Brazil has a ridiculous duty (103% of the custom's appraised value). Both countries also make it difficult to get around if you are a 'foreign' boat, so it makes sense to import it to the US at 1.5% duty even if I'll be there for just 6 months out of each year. But what about when I go back to Brazil? Could I just not show the US importation documents and go back as if it were still a Brazilian boat? Or would I have to re-import to Brazil? Any advice is welcomed.

Thanks
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Old 07-02-2011
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I believe your boat if registered in the US and you being a US citizen would be a visiting cruiser in Brazil. Just as when any US based cruiser visits Brazil. Different countries have different time limits and I am not sure what that is in Brazil.
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more on Brazil to US to Brazil

Thanks Brian for your answer. Yes, I figured if it is imported to the US and becomes a US registered boat, officially, that would be the case if I return to Brazil - it would be treated as a foreign boat. My question is more about how the actual process and paperwork is for importing works. Since the boat is originally from Brazil, and then I will import it to the US, does the US keep the original paperwork or something? If not, couldn't I just go back to using the original Brazilian registration when I go back to Brazil and just not show them the US registration?

Thanks again for any advice on this.
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Old 07-02-2011
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The original paperwork will be your bill of sale. I don't think the US would keep that.

I don't think you could flip flop between two countries registration - at least not legally.
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