Asked in Tax Law for Florida

Q: I am lease purchasing a truck from Lone Mountain Truck Leasing in Iowa. I will then lease onto a carrier based in FL

They will register the truck in their name with the Florida DMV and the truck will use their plates and stickers. The title of the truck will be in Lone Mountains name with their bank as lien holder. I will have power of attorney until the truck is paid off in 5 years. The problem is that Lone Mountain states they have to add Florida sales tax to my lease even though the truck will be registered in the carriers name. I reside in Virginia and eventually that will be where the truck will be titled. So do I have to pay Florida sales tax, in my name, when it’s the carriers name that will be on the registration?

Thank you

Related Topics:
1 Lawyer Answer
Alvaro Augusto Acevedo
Alvaro Augusto Acevedo
  • Tax Law Lawyer
  • Licensed in Florida

A: Unfortunately there are many variables here. The general rule is that if the vehicle will not be operated in Florida, they should not have to add sales tax. Call me for a free evaluation

Justia Ask a Lawyer is a forum for consumers to get answers to basic legal questions. Any information sent through Justia Ask a Lawyer is not secure and is done so on a non-confidential basis only.

The use of this website to ask questions or receive answers does not create an attorney–client relationship between you and Justia, or between you and any attorney who receives your information or responds to your questions, nor is it intended to create such a relationship. Additionally, no responses on this forum constitute legal advice, which must be tailored to the specific circumstances of each case. You should not act upon information provided in Justia Ask a Lawyer without seeking professional counsel from an attorney admitted or authorized to practice in your jurisdiction. Justia assumes no responsibility to any person who relies on information contained on or received through this site and disclaims all liability in respect to such information.

Justia cannot guarantee that the information on this website (including any legal information provided by an attorney through this service) is accurate, complete, or up-to-date. While we intend to make every attempt to keep the information on this site current, the owners of and contributors to this site make no claims, promises or guarantees about the accuracy, completeness or adequacy of the information contained in or linked to from this site.