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Old September 1st 06, 08:36 PM posted to rec.aviation.homebuilt
Philippe Vessaire
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Posts: 49
Default Tax consequences of selling a homebuilt.

wrote:

A question came up over pizza the other night.

What are the tax consequenes of selling a homebuilt?

Assume we know how much the raw materials cost.
Assume we know approx how many hours of labor went into it.

Assume the homebuilt is worth $200K

If it is sold what are the tax implications?


For french "tresor public" : zéro euros

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