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#1
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I read somewhere that the use tax exemption for keeping your plane out
of state for 3 months is no longer in effect. Can anyone comment? Are there still ways to avoid the 8% tax for out of state aircraft purchases? -Robert |
#2
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Its now a year I believe. If you can prove it was out of state you can avoid
the tax. I am going through the same thing. I have decided to just pay it. "Robert M. Gary" wrote in message oups.com... I read somewhere that the use tax exemption for keeping your plane out of state for 3 months is no longer in effect. Can anyone comment? Are there still ways to avoid the 8% tax for out of state aircraft purchases? -Robert |
#3
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![]() Robert M. Gary wrote: I read somewhere that the use tax exemption for keeping your plane out of state for 3 months is no longer in effect. Can anyone comment? Are there still ways to avoid the 8% tax for out of state aircraft purchases? -Robert California has to assess as many bizarre taxes it can dream up to pay for all the illegal mexicans and others health care, housing,and all the other impacts they create. You made your bed out there, now you have to lay in it. bo friggin ho...... Oh yeah. Please try to contain them within your borders, the rest of America doesn't want um. |
#4
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" writes:
California has to assess as many bizarre taxes Yeah, like sales and income taxes. BFD Stay away...we don't need anymore neo-nazi racists. |
#5
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When I called the state, I was surprised to find out that they do not
asses sales/use tax for changes in partnership structure. So you could add your name to the plane as a partner of the seller. You could right up a contract that they maintain $1 in holdings for 12 months, then you could buy then final piece out for $1 and remove their name from the registration. (Insurance is easy, I once owned a plane with a non-pilot, you just name them as add'l insured but w/o flying priv). In theory, according to the state, this would not trigger a sales/use tax. I wonder if anyone has tried this. I wonder how this would work if the "partner/seller" was located in a non-sales tax state (such as Oregon). I understand that some tax incidence are trigger from airport manager's report of who is based at the airport though. I had a friend that managed an airport at one point. The state of California required him to report all the aircraft based there. In anycase, its worth thinking about. It could save me $10,000 in sales/use tax. -Robert |
#6
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Some years ago I had a partner who bailed out after years of inactivity
(and non-contribution to fixed expenses). He offered to give the remaining partners his share, but we instead arranged for him to sell it to us for a dollar. The State did try to collect Use Tax - and I paid it: a check for six cents. There were no repercussions. David Johnson |
#7
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you must be another california resident !!!!!!!!!!
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#8
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" writes:
you must be another california resident !!!!!!!!!! No ****, Sherlock !!!!!!!!!!!! Northern California...one of the best places on the planet to own and fly a small plane. |
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