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Why are some yachts “not for sale to US residents while in US waters”?

April 26, 2017for sale residents Yachts

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Why are some yachts “not for sale to US residents while in US waters”?

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You will see this term next to many yachts available for sale or charter. An import duty has to be paid if a yacht is built outside of the US and is offered for sale to US residents while in US waters. The yacht may then only be kept in the US by a US resident if it is in the care of a licensed yacht broker. The owner can gain use of the yacht by paying a 6% use tax.