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Re: ? Buying A used boats out of Tx.
[Re: jbassman]
#13663807
08/11/20 05:11 AM
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Joined: May 2020
Posts: 38
BigOlGoodin
Outdoorsman
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Outdoorsman
Joined: May 2020
Posts: 38 |
taxes on the boat,motor,trailer even if you purchased in a person to person transaction?? Or, just paying the taxes on the trailer here in TX??
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Re: ? Buying A used boats out of Tx.
[Re: BigOlGoodin]
#13663868
08/11/20 11:26 AM
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Joined: Oct 2018
Posts: 389
Hair Jig
Angler
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Angler
Joined: Oct 2018
Posts: 389 |
taxes on the boat,motor,trailer even if you purchased in a person to person transaction?? Or, just paying the taxes on the trailer here in TX??
YEP. Taxes on everything. Stinks but every state is like that as far as I know.
Healed by Grace and trying to stay that way
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Re: ? Buying A used boats out of Tx.
[Re: jbassman]
#13664030
08/11/20 01:54 PM
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Joined: May 2003
Posts: 3,372
jbassman
OP
TFF Team Angler
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OP
TFF Team Angler
Joined: May 2003
Posts: 3,372 |
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Re: ? Buying A used boats out of Tx.
[Re: jbassman]
#13664963
08/12/20 04:50 AM
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Joined: May 2020
Posts: 38
BigOlGoodin
Outdoorsman
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Outdoorsman
Joined: May 2020
Posts: 38 |
I moved here from MN 4 years ago and had bought 2 boats from out of state when i lived there. both times, i had to 2 pay for taxes on the trailer only. Was hoping to buy a buddies Skeeter from MN next year and haul it back thinking i'm only going to pay taxes on the trailer here in TX..... Not the case fellas?
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Re: ? Buying A used boats out of Tx.
[Re: jbassman]
#13664973
08/12/20 05:53 AM
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Joined: Feb 2015
Posts: 4,724
Flippin-Out
TFF Team Angler
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TFF Team Angler
Joined: Feb 2015
Posts: 4,724 |
It is my understanding you must pay taxes on everything on the bill of sale. You buy a boat, you pay taxes on it. If you try to make it a low-ball price, they can apply fair market value for taxation purposes.
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Re: ? Buying A used boats out of Tx.
[Re: BigOlGoodin]
#13664986
08/12/20 07:46 AM
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Joined: Jul 2014
Posts: 4,340
Bobby Milam
TFF Team Angler
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TFF Team Angler
Joined: Jul 2014
Posts: 4,340 |
I moved here from MN 4 years ago and had bought 2 boats from out of state when i lived there. both times, i had to 2 pay for taxes on the trailer only. Was hoping to buy a buddies Skeeter from MN next year and haul it back thinking i'm only going to pay taxes on the trailer here in TX..... Not the case fellas?
No you will pay for boat, motor and trailer. Just make sure that he breaks it down for the cost of each and get a bill of sale showing each price. Talk to TP&W before you buy to make sure that you get the correct info on how they want it done.
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