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