This is a bill of sale for the sale of a watercraft such as a boat. It includes information regarding the seller, buyer consideration paid and a detailed boat description.
Sc Boat Bill Of Sale Withholding Tax
Category:
State:
South Carolina
Control #:
SC-00431A
Format:
Word;
Rich Text
Instant download
Description
Charlize by Alisha Hill
How to fill out South Carolina Bill Of Sale For WaterCraft Or Boat?
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FAQ
A boat bill of sale includes information on the buyer, the seller, and the vessel. It also includes the transaction date, purchase price, and signatures of both the buyer and the seller. Boat owners in South Carolina must register their vessels with the South Carolina Department of Natural Resources.
?Casual Excise Tax on sales of boats, motors, or airplanes may not exceed the $500 Maximum Tax. ?Any item subject to the $500 Maximum Tax is taxed at a state rate of 5% and is not subject to any local tax administered by the SCDOR.
?All you have to do is register the boat outside of California and no tax is due,? one dealer told me. ?If you register it anywhere outside of California the tax is avoided. That's the long and the short of it,? another said.
It is part of the state registration process and is required to obtain the decals needed to operate boat in the state. The bill of sale will contain information about the buyer and the seller, a description of the boat, and the terms of the transaction.
If you purchase a boat from an individual, you will need to visit your County Auditor's Office to get a bill created and pay it in the Treasurer's office prior to going to SCDNR to get your stickers.
