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![]() wrote in message ... That sounds like a nice plane.... ![]() was only $4300) I highly recommend you go talk to an aviation lawyer who understands tax ramifications of what you are planning. There are some companies that specialize in doing stuff like this, but I have no idea what they charge. legal way for me to avoid paying ~$15,000, then I'll seriously consider it. Excellent advice. I am now expert, but here are some thoughts/rambings. If you want a new plane, with new title, you will likely not be able to get away with this ruse. (when you do something to avoid a tax that would appear to be for no other reason than tax avoidance, they can usually get you. You might try an out of state corporation for rental, put it on leaseback elsewhere, and not ever rent it out. Then bring it home and take it private after the failed venture). Another idea may be to buy a demo plane from an out of state distributor, these can be titled new. Then lease the demo back to the dealer for a long enough period to qualify. It won't be new, it will be broken in. New title, nearly new plane, bonus depreciation for business use. Just a thought. |
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