What does this mean and why?

[walterv]

I see this in ads on yacht world.

Not for sale to US residents while in US Waters - ANY US RESIDENT CAN PURCHASE THIS BOAT WITH AN OFF SHORE CLOSING

 

[mdoherty]

I don't know what it means but I've never seen it on a boat I can afford!

 

[CurrentSea]

http://www.multihullcompany.com/Article/What_Does_Not_For_Sale_in_US_Waters_to_a_US_Resident_Mean%3F

 

[PascalG]

The article explains it pretty well. It really just add a layer of complications which aren't a deal killer.

Nowadays with Florida having capped sales tax to $300k taxable value foreign flagging doesn't make much sense anymore except for very large yachts where foreign crew may be worth havi g

 

[Rustydog]

quote:

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Originally posted by PascalG

The article explains it pretty well. It really just add a layer of complications which aren't a deal killer.

Nowadays with Florida having capped sales tax to $300k taxable value foreign flagging doesn't make much sense anymore except for very large yachts where foreign crew may be worth havi g

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Would the $300k Florida sales tax cap apply to aircraft also?

Ken

 

[walterv]

Got it, thanks