How do I avoid paying sales tax on a boat in California?

All you have to do is register the boat outside of California and no tax is due, one dealer told me. If you register it anywhere outside of California the tax is avoided. That's the long and the short of it, another said. One advised me to, dock the boat in Ensenada for 90 days and the tax is avoided completely.

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California
Alameda
Bill of Sale for a Boat

Alameda California Bill of Sale for a Boat

Name: Alameda California Bill of Sale for a Boat
Brand: US Legal Forms
Rating: 4.85 (363 reviews)

Category:

Bills of Sale - Boats and Watercrafts

State:

Multi-State

County:

Alameda

Control #:

US-00470BG

Format:

Instant download

Description

This form is a generic Bill of Sale for a Boat from an individual rather than from a dealer. No warranty is being made as to its condition.

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FAQ

Sales/use tax is assessed at the time of purchase, at a rate of around 10 percent of the purchase price. Property tax is assessed annually at something around 1.1 percent of the current value of the boat.

A new boat owner has ten (10) days from the purchase date to submit a registration application....Required DocumentsBill of Sale;Certificate of Title (if the vessel had a previous owner);Mississippi Motor Boat Registration Application;Mississippi Motor Title Application (if applicable); and.Registration Fees.

Each County Assessor imposes an unsecured property tax of approximately 1.1%, depending on taxing jurisdiction, on all vessels in California. Vessels are valued at their fair market value each and every year as of the January 1 lien date. The tax is due for the upcoming fiscal year.

If you decide to sell your boat/vessel, you need to: Give the Certificate of Ownership to the person who buys it. Make sure you sign the certificate on the front. Contact the DMV within five days of the sale and fill out a Notice of Transfer and Release of Liability (REG 138) form.

The California Constitution (Section XIII, Article 1) provides that all tangible property is taxable unless it is otherwise exempted by the Constitution or by the legislature. Household personal property was exempted in the 1950's, but privately-owned boats are still subject to property tax.

There are really only two ways to avoid paying a sales tax on a boat purchase: Buy the boat in a state without a sales tax and keep it there, or buy the boat in a state without a sales tax and never cruise, anchor or dock it in waters controlled by states with a sales or use tax long enough to trigger the tax.

California sales tax generally applies to the sale of vehicles, vessels, and aircraft in this state from a registered dealer. Use tax applies to the sale of vehicles, vessels, and aircraft purchased from non-dealers (for example, private parties) or from outside California for use in this state.

All you have to do is register the boat outside of California and no tax is due, one dealer told me. If you register it anywhere outside of California the tax is avoided. That's the long and the short of it, another said. One advised me to, dock the boat in Ensenada for 90 days and the tax is avoided completely.

Vessels with a Low ValueMarket Value of $400 or Less. A vessel with a market value of $400 or less are free from taxation (see Revenue and Taxation Code section 228).County Low-Value Ordinance. As described above, vessels with a market value of $400 or less are exempt from taxation.

More info

Your Northern California Yacht Dealer: Riviera Yachts, Belize Yachts, Activia Yachts and quality brokerage boats. Do you still need to fill out the Vessel Owners Report if you sold your boat?"Captain Bill and his Red Dress sailboat are what it is all about! Went sailing on a chilly day, 4 adults and 5 kids, out of Emery Cove Marina to Angel Island. Your boat will be assessed a property tax if it is up for sale and consigned to a broker. You can also call the county at (510) 272-6800 to settle your property tax bill. Join Carefree Boat Club, a Private Boating Club with Locations Nationwide. Enjoy Boating Anywhere at a Fraction of The Cost of Ownership. Rubicon Yachts full service yacht brokerage in the Bay Area with the knowledge, experience, tools and worldwide connections to help buyers and sellers. Pass through but will keep soil and sand from washing through the joints in the seawall.

Alameda California Bill of Sale for a Boat

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