68 foot sailboat lost off of Cape May - 6 rescued - Page 2 - SailNet Community

   Search Sailnet:

 forums  store  


Quick Menu
Forums           
Articles          
Galleries        
Chat  
Boat Reviews  
Classifieds     
Search SailNet 
Boat Search (new)

Shop the
SailNet Store
Anchor Locker
Boatbuilding & Repair
Charts
Clothing
Electrical
Electronics
Engine
Hatches and Portlights
Interior And Galley
Maintenance
Marine Electronics
Navigation
Other Items
Plumbing and Pumps
Rigging
Safety
Sailing Hardware
Trailer & Watersports
Clearance Items

Advertise Here






Go Back   SailNet Community > Out There > Vessels Lost, Missing, or in Danger
 Not a Member? 


Like Tree1Likes
Reply
 
LinkBack Thread Tools
  #11  
Old 05-29-2014
DRFerron's Avatar
A mod and her dragon
 
Join Date: Nov 2005
Location: SE Pennsylvania
Posts: 4,286
Thanks: 82
Thanked 174 Times in 157 Posts
Rep Power: 10
DRFerron is on a distinguished road
Re: 68 foot sailboat lost off of Cape May - 6 rescued

Quote:
Originally Posted by MarkofSeaLife View Post
Its a tax thing.

For example if the boat was sold in Florida it would encounter a state sales tax of 5% or whatever it is. 5% of $950,000 = $47,000 so its well worth it to drive the boat off shore 12 nms to close the deal.




Mark
PS Laws vary, tax rates vary, this was just generalisation
PPS if you bring a boat to Australia to sell you pay 15% of the value of the boat to the government BEFORE you are allowed to advertise it.
OK. Thanks. It sounds like they're forbidding anyone in the U.S. from buying it. If I want to pay the tax, that should be up to me, no?
__________________
Donna


To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
Catalina 30 TRFK

Contributing Editor
To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
magazine

To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
Rock Hall Cruising Station

All things that are, are equally removed from being nothing. John Donne
Reply With Quote Quick reply to this message Share with Facebook
  #12  
Old 05-29-2014
MarkofSeaLife's Avatar
Senior Member
 
Join Date: Nov 2010
Posts: 2,711
Thanks: 38
Thanked 107 Times in 89 Posts
Rep Power: 5
MarkofSeaLife is on a distinguished road
Re: 68 foot sailboat lost off of Cape May - 6 rescued

Quote:
Originally Posted by DRFerron View Post
If I want to pay the tax, that should be up to me, no?
With my very slight knowledge of American tax law history I can suggest Al Capone has already tried that idea.....



Yes, you are right for your individual tax implication. What about the sellers? Or brokers?

Mark
__________________
Sea Life
Notes on a Circumnavigation:
To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.


To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.

Last edited by MarkofSeaLife; 05-29-2014 at 05:37 PM.
Reply With Quote Quick reply to this message Share with Facebook
  #13  
Old 05-29-2014
night0wl's Avatar
Senior Member
 
Join Date: Mar 2006
Location: Fort Lauderdale
Posts: 1,417
Thanks: 0
Thanked 19 Times in 19 Posts
Rep Power: 9
night0wl is on a distinguished road
Re: 68 foot sailboat lost off of Cape May - 6 rescued

Quote:
Originally Posted by MarkofSeaLife View Post
Its a tax thing.

For example if the boat was sold in Florida it would encounter a state sales tax of 5% or whatever it is. 5% of $950,000 = $47,000 so its well worth it to drive the boat off shore 12 nms to close the deal.




Mark
PS Laws vary, tax rates vary, this was just generalisation
PPS if you bring a boat to Australia to sell you pay 15% of the value of the boat to the government BEFORE you are allowed to advertise it.
Actually it means that the boat was never "sold" in Florida...and no sales tax was EVER paid. These are flags of convenience....you setup an offshore corporiation in Bikini, Marshal Islands, Virgin Islands...etc. Then the corporation owns the boat, making the payment of sales tax not necessary. And you can keep the boat in FLorida all you want.
__________________
S/V Jendai
Beneteau 343
Reply With Quote Quick reply to this message Share with Facebook
  #14  
Old 05-29-2014
svHyLyte's Avatar
Old as Dirt!
 
Join Date: Nov 2008
Location: Tampa Bay Area
Posts: 2,871
Thanks: 15
Thanked 123 Times in 116 Posts
Rep Power: 7
svHyLyte is on a distinguished road
Re: 68 foot sailboat lost off of Cape May - 6 rescued

Quote:
Can someone explain this to me, please?:

NOT FOR SALE TO US RESIDENTS WHILE YACHT IS IN US WATERS
If the yacht was foreign flagged, a sale to a resident of the US in US Territory would require the seller pay an import fee to US Customs. The buyer would be obligated to pay any sales/transfer/use tax to the state.
__________________
"It is not so much for its beauty that the sea makes a claim upon men's hearts, as for that subtle something, that quality of air, that emanation from the waves, that so wonderfully renews a weary spirit."
Reply With Quote Quick reply to this message Share with Facebook
The Following User Says Thank You to svHyLyte For This Useful Post:
DRFerron (06-02-2014)
  #15  
Old 06-01-2014
brokesailor's Avatar
SV Skalliwag #141
 
Join Date: Jan 2008
Location: Homeport: Solomons, Maryland
Posts: 644
Thanks: 11
Thanked 5 Times in 5 Posts
Rep Power: 8
brokesailor is on a distinguished road
Re: 68 foot sailboat lost off of Cape May - 6 rescued

On my last offshore last month at about the same location at one point the entire boat started to shake for a few seconds while under sail. We never figured out what happened. Could it have been that we were sailed over a whale?? 48 ft Hinckley. Interesting.
Reply With Quote Quick reply to this message Share with Facebook
  #16  
Old 06-02-2014
jameswilson29's Avatar
Senior Smart Aleck
 
Join Date: Aug 2009
Location: Richmond, Virginia
Posts: 2,152
Thanks: 34
Thanked 70 Times in 65 Posts
Rep Power: 6
jameswilson29 is on a distinguished road
Re: 68 foot sailboat lost off of Cape May - 6 rescued

Cape May triangle?
brokesailor likes this.
Reply With Quote Quick reply to this message Share with Facebook
  #17  
Old 06-12-2014
Member
 
Join Date: Nov 2009
Location: en route
Posts: 81
Thanks: 0
Thanked 1 Time in 1 Post
Rep Power: 6
Dolby is on a distinguished road
Re: 68 foot sailboat lost off of Cape May - 6 rescued

I know it's a week old but just stumbled across this in the local paper.... Sailboat makes emergency stop in Lewes - By Ron MacArthur - CapeGazette.com - Covering Delaware's Cape Region - Inland Bays, Atlantic Ocean, Rehoboth Beach, Lewes, Milton, Dewey Beach, USA
Reply With Quote Quick reply to this message Share with Facebook
  #18  
Old 06-12-2014
MarkofSeaLife's Avatar
Senior Member
 
Join Date: Nov 2010
Posts: 2,711
Thanks: 38
Thanked 107 Times in 89 Posts
Rep Power: 5
MarkofSeaLife is on a distinguished road
Re: 68 foot sailboat lost off of Cape May - 6 rescued

Great news they have salvaged the boat... Well, great news for the salvor, anyway.
__________________
Sea Life
Notes on a Circumnavigation:
To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.


To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
Reply With Quote Quick reply to this message Share with Facebook
Reply

Quick Reply
Message:
Options

By choosing to post the reply above you agree to the rules you agreed to when joining Sailnet.
Click Here to view those rules.

Register Now

In order to be able to post messages on the SailNet Community forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.
Please note: After entering 3 characters a list of Usernames already in use will appear and the list will disappear once a valid Username is entered.
User Name:
Password
Please enter a password for your user account. Note that passwords are case-sensitive.
Password:
Confirm Password:
Email Address
Please enter a valid email address for yourself.
Email Address:

Log-in

Human Verification

In order to verify that you are a human and not a spam bot, please enter the answer into the following box below based on the instructions contained in the graphic.




Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools

 
Posting Rules
You may post new threads
You may post replies
You may post attachments
You may edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On


Similar Threads
Thread Thread Starter Forum Replies Last Post
Sailboat rescued off Cape Lookout shadowraiths General Discussion (sailing related) 0 03-08-2013 09:51 PM
Two rescued from 49-foot sailboat off Hatteras - The Outer Banks Voice NewsReader News Feeds 0 06-06-2012 12:50 AM
30-foot sailboat missing, last seen in Cape May before Hurricane Irene - The Star-Led NewsReader News Feeds 0 09-01-2011 11:30 PM
Sailor rescued after 54-foot sailboat catches fire off SoCal - KSBY NewsReader News Feeds 0 05-09-2007 02:15 PM
Sailor rescued after 54-foot sailboat catches fire off SoCal - CBS 47 NewsReader News Feeds 0 05-06-2007 03:15 PM


All times are GMT -4. The time now is 10:12 PM.

Add to My Yahoo!         
Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2015, vBulletin Solutions, Inc.
SEO by vBSEO 3.6.1
(c) Marine.com LLC 2000-2012

The SailNet.com store is owned and operated by a company independent of the SailNet.com forum. You are now leaving the SailNet forum. Click OK to continue or Cancel to return to the SailNet forum.