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Florida boat bill of sale?

Old 12-02-2020, 04:11 AM
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Default Florida boat bill of sale?

Anyone have a good template for one of these?

In your experience, do most tax offices understand that the tax is only collected on the hull value, or have you had issues before even with the hull, motor, and accessories itemized on the bill of sale seperately?

Old 12-02-2020, 04:55 AM
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I put together a very simple bill of sale that separated the hull/motors/electronics and agreed value for each. Took it to DMV to register and the agent wasn’t aware of the hull only sales tax rule but got her supervisor involved and it was quite easy after that.
Old 12-02-2020, 04:55 AM
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I’ve purchased 4 boats in Florida. Every single time I go to register them, I have to provide the legal information on why I only get taxed on hull and trailer. Each time they’ve tried taxing the entire purchase price. As for bill of sale, just be sure to itemize everything out, bring the tax information, and it will speed everything up.
Old 12-02-2020, 05:24 AM
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Never even had a question. Don’t forget to itemize the trailer as well if applicable as believe that is also taxed.

there have been some examples / templates posted in this florida forum in the past.
Old 12-02-2020, 05:31 AM
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Florida has a Bill of Sale form. The second one is the one I usually use because it does not disclose as much. Don't forget, on personal sales Florida only taxes the hull.

UDS300-Vessel-Bill-of-Sale-REV-030119.pdf

82050.pdf
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Old 12-02-2020, 06:48 AM
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Is this only applicable to outboard boats? or can this also be taken into effect with inboard vessels?
Old 12-02-2020, 06:49 AM
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I just went through this with a purchase. The itemized portion of the Bill of Sale looked like this:

Hull $30,000
Motor $29,000
Trailer $8,000
Electronics/Safety Equipment $5,000

Keep in mind this only is accepted IF you're buying from a private seller in Florida. If you're buying from a dealer, you'll get taxed at the dealer for the entire purchase. This also only applies to outboards.

I had no issues at the DMV regarding the Bill of Sale and paying the correct tax amount on the hull only. They actually recommended that I bring an itemized Bill of Sale for that exact reason when I called them to verify which saved me quite a bit of $$.

Last edited by Dougie1123; 12-02-2020 at 07:50 AM. Reason: added additional information
Old 12-02-2020, 06:59 AM
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Originally Posted by Snyder61 View Post
Is this only applicable to outboard boats? or can this also be taken into effect with inboard vessels?
From what I have read, inboard boats count the motor in with the hull for tax purposes.
Old 12-02-2020, 06:59 AM
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Originally Posted by Dougie1123 View Post
I just went through this with a purchase. The itemized portion of the Bill of Sale looked like this:

Hull $30,000
Motor $29,000
Trailer $8,000
Electronics/Safety Equipment $5,000

Keep in mind this only is accepted IF you're buying from a private seller in Florida. If you're buying from a dealer, you'll get taxed at the dealer for the entire purchase.
\
Yup - buying from private seller in Georgia.
Old 12-02-2020, 09:53 AM
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did one in September

Seller name buyer name

xxfeet mfg name hull ID#.............

hull only as is where is $40,000


engine #1 300 verado XL $16,000
engine #2 300 verado XXL $18,000
engines #3 300 verado Xl $16,000

Electronics, new engine electronics controls (3 engine) safety equipment and misc. $20,000

No questions at all at tag agency...paid tax on $40K...
Old 12-02-2020, 09:56 AM
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I have never had an issue with separating the amount paid on the bill of sale to get the correct sales tax amount.
Old 12-02-2020, 01:53 PM
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Here is a template I have used in FL with no issues...only paid tax on the hull value.
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Old 12-02-2020, 02:03 PM
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Here you go. THT wouldn't allow Word. If you PM your email, I can email the Word Doc.BILL OF SALE

Get it notarized, less questions will be asked.
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File Type: pdf
BILL OF SALE THT.pdf (96.6 KB, 16 views)
Old 12-03-2020, 04:13 PM
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wait. what boat you getting?
Old 12-03-2020, 04:34 PM
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Great advice here so far. My bill of sale was handwritten on a notepad but was itemized. The actual BOS was not an issue, but I did have an issue with the DMV rep fighting me about it. She was nice but clearly did not understand the tax law. I ended up having to pull up the statue and show her on my phone, she then got a supervisor and it was smooth sailing from there. Get it itemized and you should be fine.
Old 12-03-2020, 04:36 PM
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A little advice....Make sure to complete the State Sale of Vessel/Vehicle form (below) and drop off at a Tag Agency.
Last boat I sold the buyer didn't transfer title for 6 months. I didn't realize it until I got the renewal notice. That form relieves you of any civil liability.




Old 12-03-2020, 04:38 PM
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Originally Posted by floridascuba View Post
wait. what boat you getting?
Looking at a Gheenoe
Old 12-04-2020, 05:24 AM
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If the title is for the hull only, why isn’t that the only price listed on the title by the seller? You can have a bill of sale for everything else, but the license bureau doesn’t need to see that, only the title that is being transferred.

they don’t need a bill of sale, only a signed title.
Old 12-04-2020, 06:20 AM
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Originally Posted by Dmc57 View Post
If the title is for the hull only, why isn’t that the only price listed on the title by the seller? You can have a bill of sale for everything else, but the license bureau doesn’t need to see that, only the title that is being transferred.

they don’t need a bill of sale, only a signed title.
I asked that exact question to the DMV when I was purchasing my boat. The response was that if there is no Bill of Sale then the amount on the title will be the amount that is used to calculate the taxes. If a Bill of Sale is included with the title, the Bill of Sale will be used for the calculation of the taxes.

I put the total cost of everything that I paid to the seller on the title and then broke everything out in an itemized version on the Bill of Sale. When I titled my boat, since I had the Bill of Sale with me, they didn't even look at the amount on the title.

If you only put the amount of the hull itself on the title, it may get some odd looks at the DMV from people that know values of boats/motors etc. but it's not their position to question values. I would think that would be acceptable unless the amount on the title could have some adverse effect down the road for insurance purposes, etc.
Old 12-05-2020, 12:12 PM
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Originally Posted by grey2112 View Post
Looking at a Gheenoe
nice. I will be in the market for one next year hopefully. that or an aluminum. want a cast and blast boat for ducks and inshore fishing when too windy

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