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Chris Newport
 
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On Monday 13 September 2004 1:39 pm in rec.boats.cruising Coff wrote:

I notice that some larger boats (80'+) advertised in some publications
list the craft as "Not for sale to U.S. citizens in U.S. waters".

What does this mean & why?


It means that the boat was originally bought from a USA
supplier but tax exempted for export. Typically it would
have been registered and used in the caribean. The tax
exemption saved the original owner a LOT of money, but
if the boat comes back to the USA the tax must be paid
by the original owner before the sale can take place.

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