Guests - If You want access to member only forums on HSO. You will gain access only when you sign-in or Sign-Up on HotSpotOutdoors.

It's easy - LOOK UPPER right menu.

Sign in to follow this  
Followers 0
muskielaw

Tax on used boat?

6 posts in this topic

So I am purchasing my first boat this weekend and am pretty stoked grin. I have read on some of the listings in the classifieds that you do not have to pay sales tax on a used boat if it is from a private party. If this is not accurate please let me know but my question is do I have to do anything special with allocation of purchase price between boat and trailer? I thought I read that you allocate all the money to the trailer? Or do I just give him the check and its a done deal? TIA

Share this post


Link to post
Share on other sites

Give him the check and thats it. Till you go to transfer the title of trailer and boat. If im corect you will have to pay tax and licence on the trailer only.

Duck

Share this post


Link to post
Share on other sites

Correct, trailer only. To bad the trailer was only worth $10 smile

BTW, you tell the DMV the value of the trailer when you go do the transfer.

Share this post


Link to post
Share on other sites

Thanks for the info you are right on! I just got off with the DNR and they verified that purchases of boats from a private party are exempt from sales tax. He indicated that I just have to have seller sign title over to me and bring it into DMV to have it registered in my name. Also, pay taxes and fees on the trailer.

Share this post


Link to post
Share on other sites

Some registrars require a printed or handwritten and signed "bill of sale" in addition to the owners card/title to transfer a boat/atv/sled. I'm not sure if that is the law across the state of if the registrars around here are just more picky. Make sure the seller writes something up when you pick up the boat so you don't have to track them down again later.

Something like this "I Joe Smith sell a 1996 Lund Rebel, license number MN 1234 AB to John Doe for a sum of $100.00 on 4/20/09." and have them sign their name below it.

Steve

Share this post


Link to post
Share on other sites

DuckJ is correct.

I bought a used boat last fall and went up to the county building to register it and what not. I went in with a pile of money, thinking I was going to have to fork over the 0.075% tax (Yea, Duluth) on the whole package. The nice lady at the counter said I only had to pay tax on the trailer.

I was so flabbergasted I forgot to lie about what the trailer was worth and told her the full Blue-Book price we found when I was financing the boat. Plus, my registration sticker on the boat was good for another year.

10K boat package cost me $87.00 in taxes. I'm sure boat dealers don't want to hear it, but I'm never buying a brand-new boat. There are bazillions of top-notch near-new boats out there by private parites if you take the time and wait for what you want. Yeah, you're going to pay near-new prices, but think about how much you are not spending on sales tax.

BTW, when I was looking, the best boats were from guys who were upgrading. They had the best looking and cared for gear out there.

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!


Register a new account

Sign in

Already have an account? Sign in here.


Sign In Now
Sign in to follow this  
Followers 0



  • Posts

    • Seasons On The Stream
        Alpha trout at head of feed lane. Maybe in fast broken water Subordinates all over hole but not close to alpha. Cast into top most part of fast funnel. Alpha waiting part way down the skinny feed funnel. Best to hit fast water to hide the splash. When wading, wake control a large factor here. Stay out of water if you can. Make first cast count or will get only dinks in this hole.

      Bigger trout from area wintering at bottom of slow water near the fast water. Not in fast water. Subordinates chased out of hole by bigger trout. Best to hit fast water to hide the splash. Cast into top of feed funnel and slow retrieve so presentation will get down to trout sitting on bottom just back from the end of the fast water.

      Trout extra wary on sunny no vegetation winter outing. Don't slap hole with line. Stay out of the water when attacking hole. Will be a one fish "only" hole due to water clarity and zero vegetation in hole. Any smart fish will spook when one is battled and drug through this clear non-vegetated hole.
    • Good question, why didn't they find any more?  Did those two infected deer parachute in?  Were they dropped by a helicopter?  I find it fascinating they could get as far as Lanesboro and they only find two out of thousands.  Like I said, they're bad at conspiracy.    Policing the borders?  How about a billboard, a radio ad, or a twitter campaign?  How about having the highway patrol pull over anyone with hooves or antlers sticking outta their truck box or laying on a flatbed coming across the border on the interstate?    My wealth and land ownership shouldn't disqualify me from questioning the DNR.  It used to be a staple of a free country to question your government.  Somehow now it's more important to kneel before the all knowing DNR and take whatever they want to shove in our mouths?  If this is real science and a real mitigation effort, let's have a discussion about it.  If the DNR wants to stop this spread, why are they not welcoming with open arms feedback like mine when it comes to import enforcement, and an effective PR campaign?  Cause guess what fella, lots of deer got hauled home from all kinds of places infected with CWD by uninformed folks that are going to cut up those critters and throw the brains and spinal cords out in the woods at home.    So yeah, this is either a giant hoax, or the DNR has no idea what the hell they're doing. 
    • I just checked on the fans that I bought, there 4.7 inchs sq and 1.25 thick. I thought they were 5 inch thick but I was wrong. They are 110v and I think I will put one inside on the bottom plate and see how it works. And I like where you have your fishingstar.
    • Slowly getting the outside buttoned up 
    • Yea I had that idea too 
    • I saw three or four huts in the little wet area in the lake vadnais area just off country road F.   But they would probably get upset if you set traps there...    right next to the new path that goes south along the east side of the lake. 
    • In the olden days, pigs were fed garbage.  Trichinosis was a problem.  Then laws were passed so any garbage fed to pigs had to be cooked first.  Problem went away.   According to CDC there hasn't been a case of trichinosis except from eating wild game like bear meat for many years.  
    • From a quick google search it looks like waveinn.com or the bay of e might be your best bets, if you don't want to buy from shimano.
  • Our Sponsors