whay taxes do you pay when buying a used boat? | TigerDroppings.com

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lsufan112001
Southeastern LA Fan
sportsmans paradise
Member since Oct 2006
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whay taxes do you pay when buying a used boat?



Tia






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QuietTiger
LSU Fan
New Orleans
Member since Dec 2003
20038 posts

re: whay taxes do you pay when buying a used boat?


On the trailer?





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wickowick
LSU Fan
Head of Island
Member since Dec 2006
24872 posts

re: whay taxes do you pay when buying a used boat?


I think LDWF is going to want to see the bill of sale, they are going to hit you on taxes...

ETA LINK



This post was edited on 10/4 at 6:39 pm


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lsufan112001
Southeastern LA Fan
sportsmans paradise
Member since Oct 2006
5719 posts

re: whay taxes do you pay when buying a used boat?


4000 for boat and trailer what do i pay





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BRgetthenet
LSU Fan
Golf Board Smash Lab™ CEO
Member since Oct 2011
66256 posts

re: whay taxes do you pay when buying a used boat?


The sales tax rate in your parish I believe.





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QuietTiger
LSU Fan
New Orleans
Member since Dec 2003
20038 posts

re: whay taxes do you pay when buying a used boat?


Wick posted a link I'll not read, but perhaps you should. I've never bought a used boat so I don't know first hand.
A friend did as recently as 3 months ago and only had to pay taxes on the "licensed" trailer or so he said.
As for the 4K, I'd tell them the trailer was worth 500$ or less for sure.






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westsider
LSU Fan
The best side
Member since Jan 2010
70 posts

re: whay taxes do you pay when buying a used boat?


You only pay taxes on the value of the trailer. You will pay them when you go to the DMV to get registration. When you buy the boat, you and the guy selling agree on the value of just trailer and put that on the bill of sale then you will pay your parish percentage tax on that value.





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MorningWood
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On the coast of North Mexico
Member since May 2009
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re: whay taxes do you pay when buying a used boat?


I have bought all my boats second hand from out of state and in state. Make sure you make two bills of sale. One for the trailor and one for the boat and everything else. The bill of sale for the trailor will need to have the make, model, year, vin # and price for trailor only. You have to pay taxes on the trailor when you regester it.

The second bill of sale will be for the boat, motor, and accessories for the rest of the sales price.



This post was edited on 10/4 at 9:35 pm


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WilsonPickett
LSU Fan
St Amant, LA
Member since Oct 2009
534 posts

re: whay taxes do you pay when buying a used boat?


Bought one 2 weeks ago, taxes on trailer only! Bill of sale broke out as
Boat $7,000
Engine $7000
Trailer $500







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Redfin
LSU Fan
Member since May 2011
131 posts

re: whay taxes do you pay when buying a used boat?


I'm also going register a used boat tomorrow. Do I have to go to both the DMV and wildlife?

I think I already paid tax on trailer at the bank.






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CajunAlum Tiger Fan
LSU Fan
The Great State of Louisiana
Member since Jan 2008
3234 posts

re: whay taxes do you pay when buying a used boat?


quote:

I'm also going register a used boat tomorrow. Do I have to go to both the DMV and wildlife? I think I already paid tax on trailer at the bank.


DMV for trailer, W&F for boat.

To the OP, I just bought a boat/motor for $8250 and trailer for $250 and no one at DMV questioned it for taxes.






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