"Maurice Givens" wrote in message
om...
Nathan Young wrote in message
. ..
Hello. I live in Illinois. I am in the process of selling my
Cherokee 180. Does anyone know if there are sales tax implications
for the seller? Does it matter if I sell the plane in-state,
out-of-state, or to a corporation?

When I purchased, I bought the plane from an individual who lived in
Illinois (and based the plane here), so no sales tax was due.

Thanks,
Nathan


Nathan,

I'm based in Illinois also. The buyer is liable for the sales tax.
If the aircraft is purchased from an indivual (rather than a broker or
dealer, etc.) the sales tax is waived. Of course the standard
disclaimers apply, you know, check with a tax consultant, attorney,
etc.

Nope. That was the rule change last year. Now, in Illinois, the buyer owes
use tax even when buying from an indiviual. Again, I'm not a tax expert.

When I was getting ready to close on my plane last year, AOPA warned me that
the rule was about to change and that I needed to be careful about the
closing date. My point is that they stay on top of things and are a good
reference.

-------------------------------
Travis