Boat Show Bonds, State Tax & More

boat registration, british virgin islands yacht registration, marine documentation, USA

20 November, 2024

There is often so much confusion about what happens tax-wise and duty-wise, when an owner enters a vessel into a boat show.
The vessel has a US Cruising Permit, (which must be given up).
The US Cruising Permit protected a foreign flagged vessel from becoming taxable, but in order to place the vessel in the boat show, things change, and these changes have a domino-effect on tax liability and duty liability.

The Law Firm of Alley, Maass, Rogers & Lindsay, P.A. has given us permission to display their article from Compass Magazine in our web-site.
It’s a clear explanation of the “ins and outs” that both owners and yacht brokers need to understand.

To read this excellent article please click here.

Vessel Registration, marine documentation, Registration boat

All Yacht Registries, Inc.
The Full Service Yacht Registry Specialists

Jan Painter
janayri@gmail.com

239-285-8469 Lisa K. Swartz
LisaSayri@gmail.com