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Author: vkg Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 125003  
Subject: Re: CA state taxes and cruising lifestyle? Date: 2/10/2007 11:03 AM
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Why would you maintain a home if you are going to visit it a few days a year? You could stay at a very nice resort or rent a home for what property taxes and insurance will cost. You are also going to need to have it maintained.

You also need to not bring the yacht into the state for a number of months after purchase or your will be hit with sales tax. One large yacht had an unscheduled visit to CA because of bad weather and CA was pursuing the owner for use tax.

If you are looking for a place to retire to after your crusing days are over then you could rent it for the duration. I don't know how El Segundo is for vacation rentals. If the property was frequently rented, it might help with your claim that it isn't a primary residence. CA is very agressive regarding residency issues.

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