Florida Yacht Sales Tax Cap? Fort Lauderdale Boat Show to Present Seminar: The $18,000 sales tax cap on yacht purchases in Florida was a plus for buyers as well as the South Florida marine industry. Unfortunately, this cap has had unintended consequences in the eyes of state tax authorities in other states on the East Coast.
To help buyers navigate what this may mean for a possible purchase, The fort Lauderdale International Boat Show will sponsor seminars by veteran maritime lawyer Todd Lochner who will educate the yachting community about this issue and others that directly affect the enjoyment of their vessels.
The two-part seminar, with the working title “Boat Show Briefing,” is open to owners and buyers on Saturday, November 6 at the Fort Lauderdale Hilton Marina Hotel. Any owner who had a yacht registered in a low-tax state and would like to cruise the East Coast should attend the seminar. Lochner will detail how owners can avoid falling victim to vigorous enforcement policies in a high-tax states along with potentially damaging peculiarities of maritime employment law.
These laws vary from state to state and can be complicated, costing yacht owners hundreds or thousands of dollars that often result in sloppy employment practices ending up in expensive litigation.
Cost of each seminar is $100 with enrollment available at yachtsinternational.com and following the links to “Best Show Briefing.”
4Yacht is a Professional Yacht Broker Located In Fort Lauderdale Florida and specializes in Yachts, Mega Yachts, And Super Yachts. Visit our website today to discover YOUR next yacht http://www.4yacht.com