BOAT ADVERTISING QUESTION.
 

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?

Regards,

Coff

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?

Regards,

Coff

It may mean the duty from a previous liable sale has not been paid,
and that a sale to a yank would trigger a tax investigation and
require the seller to pay back owed taxes and penalties for tax evasion.

Any time the boat is sold back to an american, the same consequence
would happen, even several sales later, if they noticed it, which
they well might, thanks to smart database querey writers.

Or, it was traded therough Cuba or some other "Public Enemy."

That is my first guess, anyway.

Terry K

On 13 Sep 2004 05:39:15 -0700, (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?
Coff,

This is usually used by foreign flag boats in the US on a cruising
permit. The permit allows you to stay in US waters for a year but if
you intend or advertise to sell the boat in the US you have to pay all
the import charges, duty etc. immediately, before any sale is made.
The little note seems to get around this.
Rick Itenson
Breathless
Toronto

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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