|Topic Review (Newest First)|
|02-21-2010 02:38 PM|
I agree with a lot of the above and there is some very sound advice filtering through and yes it can be a mine field as I have found out to my cost.
I bought in Fl and was given duff advice. I kept the boat in Fl undergoing major work whilst I could afford and that dragged out. I was told that was fine, only to find out later that unless the boat remains under the supervision of a tax dept registered yard, then I had 90 days to remove her after the sale or pay fl sales tax. Duty was already paid so that was not an issue.
I never received title and this has become an issue. I was given the historic bills of sale, which will suffice in the UK (where I am from), but apparently not in the US. I did have a cruising permit for Florida, but as pointed at above, it can be a pain in the butt. In hindsight, I wish I had just paid the Fl sales tax and registered her in Florida, which would have ensured I had title.
BVI's - agree is a cheaper option but like your stance on your own flag. Fly it proudly in my opinion. You guys are running a great Olympics
In summary and to get to the point – I urge you to talk to a doc agent versed in international sales.
I seriously recommend ASAP Marine in Fort Lauderdale. Give Lisa a call. She helped me fix the mess I found myself in after getting specialist advice that left me foul of a number of laws and authorities. ASAP talk sense and specialise in international sales. They are not Texan, granted, but deal with boat purchases from all over the US and world. They really have proved to be amazingly versed in how to deal with things and their fees are worth every penny.
Don’t trust an owner or broker to get this right. They make mistakes and don’t have your best interest at heart - they just want your money. If the boats over $100k I would give ASAP a call. They are very familiar with BVI's Delaware Canada, UK and US registrations and tax requirements and will help you deal with what’s best for you with the minimum of fuss.
Ask the experts!
Good luck and don’t let the paperwork or fees put you off
|02-21-2010 01:55 PM|
Originally Posted by hellosailor View Post
If you do find yourself on the wrong side of such an issue take the first CRA offer. One group I worked with found themselves on the wrong side of a tax change. The one guy who took the CRA first offer was much better off than the group that got lawyers. He only paid a 10% fine, the others, 100%. A very nasty system where fair has no play.
|02-21-2010 07:59 AM|
Originally Posted by mitiempo View Post
My apologies, you are correct.
|02-21-2010 05:36 AM|
The email I provided was not 'bogus'.
It was provided by Mart Treder, who is on your list.
|02-21-2010 01:09 AM|
"...I have read elsewhere on these forums that Texas sales taxes (6.25%) can be avoided if I were to register my boat as a Canadian vessel. And I wouldn't have to pay any Canadian taxes if the boat is never brought into Canadian waters.
My intention is to sail in the Gulf area for a while and eventually make my way to the Caribbean - so I will never bring the boat into Canada, or back to Texas...."
It doesn't sound like she's going back to Canada- at least not with the boat. Sounds like she just doesn't want to pay any unnecessary expenses. I can't blame her for that!
|02-21-2010 01:06 AM|
While I agree it doesn't apply to this purchase, there is a Transport Canada appointed Tonnage Surveyor in Texas. It is on the link you provided. Scroll down a bit.
|02-21-2010 12:50 AM|
" If you don't owe the tax duye to the sale, then the state hits you with the same tax for the "use"."
USE TAX generally applies only to RESIDENTS of a particular venue, to prevent htem from going over the border, buying something big, and taking it home--without paying sales taxes on it.
As an alien buying a boat in a state and then promptly removing it to "take it home" and register it elsewhere, you'd generally owe no taxes at all.
Problem being, a Canadian-registered boat can stay in the US for only one year, IF a cruising permit is issued for the boat. And then it must go bye-bye for 15 days before asking if it can come back. It may or may not be granted a renewal, you can't depend on that.
Bottom line? Pay the tax man, register or title your boat in your home. Don't like the taxes? Change homes! That's the only way the tax men aren't going to be watching you.
|02-20-2010 11:31 PM|
Originally Posted by Tanny View Post
Tonnage Measurements - Registration of Vessels - Vessel Registration Office - Operations & Environment - Marine Safety - Marine Transportation - Transport Canada
|02-20-2010 03:57 PM|
Originally Posted by Tanny View Post
Thats why I asked what the boat is worth. If $5G is expensive then yes there are much cheaper ways to go.
Be sure to pay taxes. I know of at least one guy on the hook for big money, I guess we would say really big money, as in buy a whole boat type of money, when he gets back or audited. The CRA are not nice people if they think you are trying to keep their money.
Sounds like you got it well under control, through.
I also got crazy quotes for a Tonnage Survey in Florida. I suspect it happens when they hear your accent.
Which reminds me of an American telling me of a deal at one of their local West Marine outlets. I asked about it but I was told it was list price only. I went back to my buddy and he asked if I had used that Canadian accent when I inquired about the deal. I said "eh? What accent?"
|02-20-2010 02:00 PM|
I'm not trying to give anyone a bad name.
Hare's the actual email I received to do this survey of a 30 foot Baba Tashing from an accredited Texan surveyor;
"Our approximate fee for calculation and preparation of the Tonnage Certificate and Certificate of Survey will be $1,960.00. ( Tonnage Certificate $1,470.00: Tonnage Survey $450.00: Expenses $40.00)."
The point is, it wasn't necessary - and anyone wishing to register their US purchased sailboat in Canada doesn't need to get a full-blown Tonnage Survey - as long as the boat is less than 15 tonnes.
They just need to fill out the simplified form, which they can do themselves.
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