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Get Vessel Property Statement
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How to fill out the Vessel Property Statement online
Completing the Vessel Property Statement online is an essential process for reporting the property information of your vessel. This guide provides step-by-step instructions to help users accurately fill out the form and meet their filing requirements with confidence.
Follow the steps to complete the Vessel Property Statement online.
- Click the ‘Get Form’ button to obtain the Vessel Property Statement and open it in the editor.
- Begin by reviewing the pre-printed name and mailing address for accuracy. Make any necessary corrections to ensure this information is current.
- In Section I, enter the vessel name, CF number or vessel registration number, habitual location of the vessel, slip number, and your telephone number.
- Proceed to Section II only if this is your first time filing or if there have been any changes in the past calendar year. Fill out the vessel manufacturer, model, year, HIN, length, beam, vessel displacement, gross tons, and net tons.
- Continue filling out engine information, including engine manufacturer, number of engines, horsepower for each engine, and draft.
- Complete the purchase information by detailing when the vessel was first moved to the county, who it was purchased from, the purchase price, purchase date, sale price, and sale date.
- If applicable, list removal information, including if the vessel has been permanently removed from the county and the address it was moved to.
- Indicate your vessel's type and rig in the provided checkboxes, ensuring to specify your answers accurately.
- Provide current vessel condition and condition when purchased by checking the appropriate box, aligning with the descriptions provided.
- Define the intended use of the vessel, selecting from various categories such as pleasure or commercial fishing, and specify the engine fuel type.
- If there is any loss related to the vessel, provide a detailed explanation along with supporting documentation.
- In the declaration section, certify the accuracy of your statement. Ensure you sign it and include the date.
- Finally, save your changes, download, print, or share the form as required.
Complete your Vessel Property Statement online today to ensure compliance and proper reporting.
By: Chad Saikaley, CPA, CA, TEP On September 1st, 2022, a new luxury tax will be applied to recreational vehicles, aircraft and vessels. The Select Luxury Items Tax Act will be applied to vehicles and aircraft with a retail price of $100,000 or more. Vessels costing $250,000 or more will also be impacted.
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