[Titanaircraft] Re: Buying an Aircraft

I've never paid sales tax in the state I purchased a plane. But
I've always paid sales/use tax in my home state when it was
delivered here. Generally ...if you're not going to use it in the state you purchased it in it's except. Check that state's tax laws, though, it could be taxable. I know here in Nebraska .. when you make out the form you subtract what you paid to another state if you did.

You can order the CD on the plane from the FAA with all the records.
It's $10. www.faa.gov Also .. it's not a bad idea to purchase
title insurance. I've done that on occasion.

RT

--- In Titanaircraft@yahoogroups.com, "beberle1@..." <beberle1@...> wrote:
>
> 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
>

------------------------------------

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/