gwkiwi
Guru
I guess a little background is in order first. My wife and I plan to retire this year and sell off everything. We will be cruising full time for a couple of years before deciding on a land base somewhere in warmer climes. We're both getting tired of these polar vortexes (vortices?) We will be doing the loop slowly, north in the summer south in the winter...farther north the next year etc.
My plan has been to use the St. Brendan's Isle mail service to establish some sort of residency. Florida seemed a good choice with no state income tax. The problem is our boat is currently registered in KY. as they have no sales tax requirement. In reading an earlier post and the state of FL tax page I assume I will be responsible to register the boat and pay the full tax the moment we reach Florida in the boat. Not a huge amount or a real turn off but something I'd like to avoid if possible.
I guess the real question here is, does anyone know of another similar mail service that does the same thing as St. B's that's not in Florida? A service somewhere land-locked maybe? If the state has an income tax we may be better to stick with FL and take the hit once. I've been looking on the web without much luck.
Not sure where you got your information but KY does have a sales and/or use tax on boats unless you qualify for a valid waiver as authorized by the KY Department of Revenue (DOR) and specified in the state statutes.
Dont listen to advice on a public forum contact a KY CPA with your questions or the DOR directly.