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Itemized Bill of sale for less sakes tax?

Old 04-01-2021, 12:00 PM
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Default Itemized Bill of sale for less sakes tax?

Can you itemize the accessories on a used boat purchase bill of sale to pay less sales tax in the state of florida? I just bought a 6 year old boat with single 250 outboard, outriggers, etc. I saw on the tax collector’s website it stated “in some cases, taxes on motor and accessories on a used boat won’t be subject to sales tax.” Unfortunately, tax collector is not taking questions by phone. If I itemize all the accessories and the motor, I’ll pay half the taxes if this is true.

any insight on the matter would be greatly appreciated.

-AMR
Old 04-01-2021, 12:15 PM
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Originally Posted by AMR View Post
Can you itemize the accessories on a used boat purchase bill of sale to pay less sales tax in the state of florida? I just bought a 6 year old boat with single 250 outboard, outriggers, etc. I saw on the tax collector’s website it stated “in some cases, taxes on motor and accessories on a used boat won’t be subject to sales tax.” Unfortunately, tax collector is not taking questions by phone. If I itemize all the accessories and the motor, I’ll pay half the taxes if this is true.

any insight on the matter would be greatly appreciated.

-AMR
if it’s a private sale on a boat with outboard engines you only pay tax on the hull. Some people have reported being asked for notarized bill of sales.
Old 04-01-2021, 12:26 PM
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Mine did not have to be notarized, just signed by seller.

Woman at the Tax office told me to go back and get a new bill of sale because mine wasn't itemized. She said on used boats most people list the hull at no more than $10,000. I was fine with that.
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Old 04-01-2021, 12:44 PM
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Search engine is your friend. Covered about every 2 months here in the Florida section. Good look with the Florida DMV. Each office acts like an independent contractor....
Old 04-01-2021, 12:54 PM
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See post #2 for correct information
Old 04-01-2021, 01:06 PM
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If your location (NC) is correct, you shouldn't pay tax in Florida at all. You will pay back in NC based on NC laws.
Old 04-01-2021, 01:11 PM
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Valuing an outboard for itemized bill of sale in fl

lots of good info here
Old 04-01-2021, 04:40 PM
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Originally Posted by VTXrider View Post
If your location (NC) is correct, you shouldn't pay tax in Florida at all. You will pay back in NC based on NC laws.
Unless you use the boat primarily in FL, then you will pay FL taxes.
Old 04-01-2021, 05:28 PM
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List motor and hull separately. As said above you are only taxed on hull. They never blinked an eye on mine and it wasn't notarized.
Old 04-01-2021, 05:42 PM
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Great news. I’ve moved from NC to Florida and bought the boat in florida
Old 04-01-2021, 06:20 PM
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Another tip, if you bought an older boat, is to register it as an antique. I pay $5/year for mine. I think its 20 years or maybe 30 years old. Just ask about it when you pay the taxes
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Old 04-02-2021, 09:53 AM
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did this Sept.2020...itemized bill of sale...I had 2, one for the hull only and 1 for equip, engines , electronics , safety gear, new AC...etc. signed by seller and me, no notary..in Miami
Old 04-02-2021, 11:06 AM
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Originally Posted by briankinley2004 View Post
Another tip, if you bought an older boat, is to register it as an antique. I pay $5/year for mine. I think its 20 years or maybe 30 years old. Just ask about it when you pay the taxes

good to know. Its 30 years.

87243.pdf

Last edited by chad.sfds; 04-02-2021 at 11:07 AM. Reason: link
Old 04-02-2021, 02:27 PM
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Originally Posted by chad.sfds View Post
good to know. Its 30 years.

Attachment 1125390

Good to know but I wonder what they mean by "original type power plant" Does that just mean an outboard, so a repowered boat still qualifies?
Old 04-02-2021, 03:47 PM
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Hello AMR, as a Florida boat dealer we are required to collect tax on "everything" that is part of the delivery, boat motor trailer, electronics, etc. New or used boat. The motor exclusion is completely new to me, and perhaps a loophole associated with a private sale. I am all about saving money so I will look into this further. Interesting.
Old 04-02-2021, 05:29 PM
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Originally Posted by VTXrider View Post
Good to know but I wonder what they mean by "original type power plant" Does that just mean an outboard, so a repowered boat still qualifies?
I think the key word is "type". The original type was an outboard so the new outboard is of the same type. They never even went there on my boat. I have the original 12V71's in it but they never asked if the engines I listed were original type.
Old 04-03-2021, 02:24 PM
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Originally Posted by Matttheboatman View Post
Hello AMR, as a Florida boat dealer we are required to collect tax on "everything" that is part of the delivery, boat motor trailer, electronics, etc. New or used boat. The motor exclusion is completely new to me, and perhaps a loophole associated with a private sale. I am all about saving money so I will look into this further. Interesting.
Private sale only

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