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post #5 of Old 10-29-2018
Davy J
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Re: Foreign Flagged Boat US Citizen buyer requirements

Quote:
Many mega-yacht owners will flag their boat outside the US to avoid taxes.
Unfortunately this is not the reason most mega-yachts fly foreign flags. It's because of a law passed in 1920. Yachts over a certain tonnage must be classified as commercial vessels not recreational. Trump signed a law that changed that. You can read it here:

https://www.tradeonlytoday.com/indus...-american-flag

You will now see more mega-yachts with US flags.

As far as the OP, are you going to USGC document or not?
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