We're selling Tropical Dance. At present we're doing the last cruise and taking it to Florida from California. We have a purchaser that wants her and the thought was that, at present, it's on the Rio Dulce River of Guatemala. I was wondering if they purchased her in Guatemala, cruised the Caribbean for a year and brought her to Florida if they would be liable for sales tax upon return to Florida.
I asked my broker in Florida about it and was told yes. The only way out of it was if you had your own boat dock as by making a contract with a marina the state will find out. If that doesn't happen they will likely never know. As I understand, the tax is something like 6 percent so it's not quite as bad.
Selling a boat during bad economic times sucks.