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looking through craigslist, and saw this....
http://tallahassee.craigslist.org/boa/1615134722.html
I was at the Tax Collector this week and was advised (after years of buying & selling boats) that you don't have to pay tax on the MOTOR. In order to avoid being taxed, make sure to get an itemized bill of sale and have the seller specify a separate price for the boat hull, the motor and the trailer. They even gave me a fill-in-the-blank bill of sale that made it easy.
The buyer will only pay tax on the hull & trailer, and NOT the motor! And the motor is usually the most expensive item.
I bet I've overpaid hundreds in taxes on MOTORS over the years that I apparently didn't have to......... Nice of the DMV and tax collectors to "forget" to mention this before.
I wonder if the same is true for a car..... specify separate price for the chassis, engine, seats, tires, rims, etc....
<UL class=blurbs><LI>Location: State of FL </LI>[/list]
http://tallahassee.craigslist.org/boa/1615134722.html
I was at the Tax Collector this week and was advised (after years of buying & selling boats) that you don't have to pay tax on the MOTOR. In order to avoid being taxed, make sure to get an itemized bill of sale and have the seller specify a separate price for the boat hull, the motor and the trailer. They even gave me a fill-in-the-blank bill of sale that made it easy.
The buyer will only pay tax on the hull & trailer, and NOT the motor! And the motor is usually the most expensive item.
I bet I've overpaid hundreds in taxes on MOTORS over the years that I apparently didn't have to......... Nice of the DMV and tax collectors to "forget" to mention this before.
I wonder if the same is true for a car..... specify separate price for the chassis, engine, seats, tires, rims, etc....
<UL class=blurbs><LI>Location: State of FL </LI>[/list]