documentation in Fl, need some help??
#1
Emerlad Coast PwrBt club
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Join Date: Aug 2005
Location: Panhandle, FL
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not really sure where to start on this, but here goes, can someone explain to me how it works and what are the pro's and cons? i have heard from a few that if u choose to go the doc. route then u dont have to pay state tax's? not sure if this is true or not but i would like some imput on this if someone knows how it works and wheather its a good option or not.. thanks in advance?
#2
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You still pay state sales tax. Documentation is a coast guard held lien on the title of the boat. Typically, banks want documentation on a boat with a significant loan. In order to sell or transfer title you have to provide proper paperwork to the coast guard.
Hope that helps.
T
Hope that helps.
T