Coast Guard Documented Vessel - Page 2

user5505 · 10-12-2008, 08:27 PM

Darn!!!! :banghead I usually do not mind paying taxes but lately when I pay taxes I can't help but think I am paying for Hors Devors fora Wall Street bailout party.

If the boat is CG Documented I still have to register it in FL? So I take it that if I were to CG Document the boat, and name Pensacola it's homeport, I then have to pay Florida sales tax because of the Homeport declaration?

Realtor · 10-12-2008, 09:17 PM

RunDover,

I have a 257 GW Advance. I did not have to do anything with the USCG. I did pay sales tax since I got it from a dealer.

Jim

brnbser · 10-14-2008, 03:30 PM

documenting a vessel with the CG is a choice thing, not a required thing and just like Off Route said, does not help you avoid paying taxes in any way. I purchased one documented in AL and moved it to FL. You WILL pay the taxes to register it in FL just a WHOLE LOT MORE than you would if registering it in AL.

I did alot of research when I documented my Trojan. It can be a pretty long process. Mine was documented previously a 76' but when I got it done, it fave me the entire history of the boat from original buyer, loans, sales prices, etc for the boats entire history.

reel_crazy · 10-14-2008, 03:57 PM

Dover

Documenting a boat can help with financing , as the bank can issue a preferred mortage on it and must sign off on it before the boat can be redocumented. So it also helps the buyer as not all states require or have titles..

The home port can be any town or place in the us.

If you keep the boat in florida you must register it and pay taxes and yearly registration fees. While you must display the registration sticker you do not need the reg numbers on the hull sides like undocumented boats..

When i bought my boat in alabama, i waited a couple weeks to get all the paperwork done etc then brought it to pensacola. Once here i went down to janet holly's office to get it registered and pay the sales tax.. they made me pay a 2 week penalty for waiting.... so do not delay..

About a year later i get a very formal letter from the florida taxation dept in tallahassee asking if i had paid the sales tax on my documented boat and implying that very serious penalties would be incurred if i had not.. i promptly called them up and said dont you folks talk to janet holley?.. and yes i have paid a bundle in sales taxes.. they said ok , just a letter they send out to all newly documented boat owners just to be sure...

rich

brnbser · 10-14-2008, 05:08 PM

that's funny, I got the same letter from the state and asked them the same question. in FL, they will get their money.

off route II · 10-14-2008, 05:19 PM

alabama is the same way, when i bought my boat it was in palm bch, i moved it to orange bch and i got a letter from both states. naturally i paid alabama because it was half what it is in florida. i had to send proof to florida that i had moved it to alabama. they wanted copies of fuel receipts in al and paid slip rent receipt.

user5505 · 10-14-2008, 09:53 PM

Thanks Everyone,

I knew it was too good to be true, but I had to ask. I don't see any reason to document if you do not need to. Sounds like they will get their taxes anyway. (they alwaysF%&@ you at the drive thru!!) :hoppingmad

10-12-2008, 08:27 PM	#11
user5505 Senior Member Sailfish Join Date: Sep 2008 Posts: 1,206	RE: Coast Guard Documented Vessel Darn!!!! :banghead I usually do not mind paying taxes but lately when I pay taxes I can't help but think I am paying for Hors Devors fora Wall Street bailout party. If the boat is CG Documented I still have to register it in FL? So I take it that if I were to CG Document the boat, and name Pensacola it's homeport, I then have to pay Florida sales tax because of the Homeport declaration?

10-12-2008, 09:17 PM	#12
Realtor Senior Member White Marlin Join Date: Oct 2007 Location: Pensacola Florida Posts: 2,670	RE: Coast Guard Documented Vessel RunDover, I have a 257 GW Advance. I did not have to do anything with the USCG. I did pay sales tax since I got it from a dealer. Jim __________________ Jim Summers www.PensacolaSharkFishing.com www.PensacolaHouseHunter.com @CaptFatJax (Twitter)

10-14-2008, 03:30 PM	#13
brnbser Senior Member Sailfish Join Date: Sep 2007 Location: Cantonment, FL Posts: 2,349	RE: Coast Guard Documented Vessel documenting a vessel with the CG is a choice thing, not a required thing and just like Off Route said, does not help you avoid paying taxes in any way. I purchased one documented in AL and moved it to FL. You WILL pay the taxes to register it in FL just a WHOLE LOT MORE than you would if registering it in AL. I did alot of research when I documented my Trojan. It can be a pretty long process. Mine was documented previously a 76' but when I got it done, it fave me the entire history of the boat from original buyer, loans, sales prices, etc for the boats entire history. __________________ ************************************************ ************ Capt. Scott Brown http://www.forumpictureprocessor.com...sp?gallery=351

10-14-2008, 03:57 PM	#14
reel_crazy Senior Member Snapper Join Date: Oct 2007 Location: Pensacola Posts: 406	RE: Coast Guard Documented Vessel Dover Documenting a boat can help with financing , as the bank can issue a preferred mortage on it and must sign off on it before the boat can be redocumented. So it also helps the buyer as not all states require or have titles.. The home port can be any town or place in the us. If you keep the boat in florida you must register it and pay taxes and yearly registration fees. While you must display the registration sticker you do not need the reg numbers on the hull sides like undocumented boats.. When i bought my boat in alabama, i waited a couple weeks to get all the paperwork done etc then brought it to pensacola. Once here i went down to janet holly's office to get it registered and pay the sales tax.. they made me pay a 2 week penalty for waiting.... so do not delay.. About a year later i get a very formal letter from the florida taxation dept in tallahassee asking if i had paid the sales tax on my documented boat and implying that very serious penalties would be incurred if i had not.. i promptly called them up and said dont you folks talk to janet holley?.. and yes i have paid a bundle in sales taxes.. they said ok , just a letter they send out to all newly documented boat owners just to be sure... rich

10-14-2008, 05:08 PM	#15
brnbser Senior Member Sailfish Join Date: Sep 2007 Location: Cantonment, FL Posts: 2,349	RE: Coast Guard Documented Vessel that's funny, I got the same letter from the state and asked them the same question. in FL, they will get their money. __________________ ************************************************ ************ Capt. Scott Brown http://www.forumpictureprocessor.com...sp?gallery=351

10-14-2008, 05:19 PM	#16
off route II Senior Member Grouper Join Date: Sep 2007 Location: troy al. / orange bch al Posts: 792	RE: Coast Guard Documented Vessel alabama is the same way, when i bought my boat it was in palm bch, i moved it to orange bch and i got a letter from both states. naturally i paid alabama because it was half what it is in florida. i had to send proof to florida that i had moved it to alabama. they wanted copies of fuel receipts in al and paid slip rent receipt.

10-14-2008, 09:53 PM	#17
user5505 Senior Member Sailfish Join Date: Sep 2008 Posts: 1,206	RE: Coast Guard Documented Vessel Thanks Everyone, I knew it was too good to be true, but I had to ask. I don't see any reason to document if you do not need to. Sounds like they will get their taxes anyway. (they alwaysF%&@ you at the drive thru!!) :hoppingmad

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