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From: David and Rae Ann Duer (no email)
Date: Mon Mar 31 2008 - 01:25:43 EDT
We had our first boat delivered to Singapore and when we finally moved back to the US we had it brought back and had to pay Connecticut sales tax on the original purchase price as we had never paid tax to any US state yet and it too was USCG registered. Our boat at that time was 4 years old. Luckily in Singapre where we were based for work we were a foreign flagged vessel and did not have to pay tax to Singapore.
To: world-cruising at yahoogroups dot comFrom: lrmcneil at earthlink dot netDate: Mon, 31 Mar 2008 02:27:42 +0000Subject: [world-cruising] Tax Question about the USVI
I am looking for some input on a vexing tax question. Hoping someone here can shed some light. I own a cruising catamaran that is currently moored in Mexico. She was built in South Africa, transited the Atlantic and the canal before reaching Mexico, but has never seen US waters. She is a USCG documented vessel, headed back to the states within a few years. We will be cruising until then, with the only longer term destination being the USVI, including the Spanish Virgins, which are really a part of Puerto Rico, a US protectorate.Finally - the question - when we take up a six month or longer stay in the USVI, what will be the tax consequences? We are quite aware that there has never been a payment of sales tax to any US taxing authority - and are concerned with how we will be dealt with in 1) USVI, and 2) Ultimately in Florida, which is her documented port.We have had responses from so-called experts (all lawyers!) all the way from "Don't worry about it - she is documented" to
"Get over it - you are going to pay sales tax at the rate assessed by Florida, to somebody along the way". Troubling to us, there does not seem to be a clear real world understanding of how this is dealt with - we have even been told that on arrival in Florida, we will be hit with full sales tax on the ORIGINAL purchase price of the boat - even though she will then be 7 years old!! We REALLY need help here!!
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