Hope you find a good Titan.
Don
--- On Thu, 12/3/09, beberle1@bellsouth.net <beberle1@bellsouth.net> wrote:
From: beberle1@bellsouth.net <beberle1@bellsouth.net>
Subject: [Titanaircraft] Buying an Aircraft
To: Titanaircraft@yahoogroups.com
Date: Thursday, December 3, 2009, 9:33 PM
Buying an airplane is a daunting task. The taxes and liens have me a little dazed. I'm considering buying my first aircraft, Please fill in the blanks if I'm missing anything:
-Make sure to do a lien/title search. If there is an existing lien, you're stuck w/ it.
-Sales tax is paid to the state where the aircraft is purchased.
-I live in GA and it appears they have a Use tax to get you in case you purchased the aircraft in a state w/o sales taxes. However, you get a credit towards the Use tax if you've already paid an equal amount of sales taxes?
-Property tax... from what little I could find, it looks like 1.8% annually in Coweta county. Since a plane doesn't depreciate very much, are you stuck w/ the same amount in taxes every year? For a $25k aircraft, that looks like $500/yr in taxes :-/
All insight/advice welcome~!
Brian
[Non-text portions of this message have been removed]
------------------------------------
Yahoo! Groups Links
<*> To visit your group on the web, go to:
http://groups.yahoo.com/group/Titanaircraft/
<*> Your email settings:
Individual Email | Traditional
<*> To change settings online go to:
http://groups.yahoo.com/group/Titanaircraft/join
(Yahoo! ID required)
<*> To change settings via email:
Titanaircraft-digest@yahoogroups.com
Titanaircraft-fullfeatured@yahoogroups.com
<*> To unsubscribe from this group, send an email to:
Titanaircraft-unsubscribe@yahoogroups.com
<*> Your use of Yahoo! Groups is subject to:
http://docs.yahoo.com/info/terms/
No comments:
Post a Comment