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CA use tax



 
 
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  #1  
Old February 26th 05, 02:33 AM
Robert M. Gary
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Default CA use tax

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of state for 3 months is no longer in effect.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  
Old February 26th 05, 03:03 AM
aluckyguess
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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of state for 3 months is no longer in effect.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  
Old February 26th 05, 02:08 PM
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Default


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of state for 3 months is no longer in effect.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  
Old February 26th 05, 05:21 PM
Bob Fry
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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  
Old February 26th 05, 08:32 PM
Robert M. Gary
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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  
Old February 26th 05, 11:12 PM
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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  
Old February 27th 05, 03:16 AM
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you must be another california resident !!!!!!!!!!

  #8  
Old February 27th 05, 04:18 PM
Bob Fry
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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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