Many are familiar with the strategy of saving sales tax when selling and subsequently purchasing an asset. But many boaters aren’t aware that if they sell their boat through a qualified brokerage firm and then buy their next boat through the same firm, they could get a significant savings in the sales tax due on their purchase. Certain conditions such as time frames apply, of course. If you’d like more information on how this could work in your specific situation, feel free to contact me…your neighborly yacht broker.
Joe Maiella
49 Sally Lane
508-820-5600
Licennsed and Bonded Yacht Broker
Edwards Yacht Sales