Use Tax

[chrisk]

Use tax is one reason I will not be buying a new aircraft or buying a corporate owned one.  Texas has an exception for casual sales. Basically if you buy it from an individual, not in the business of aircraft sales, no use tax is owed.

[wishboneash]

In California we get to pay property tax (partially) on the hangar we don't own!

[chrisk]

In California we get to pay property tax (partially) on the hangar we don't own!

We get this in Texas too.  I had to pay tax on a tie down one year.  --it was something like $6

[mike_elliott]

Jesus.  What else do I have to add to my spreadsheet I missed?  Maybe I should just light $100K on fire.  

 

Now here is a guy who "gets it" about plane ownership!

[Marauder]

Jesus. What else do I have to add to my spreadsheet I missed? Maybe I should just light $100K on fire.

My general rules about plane ownership are as follows:

1) Everything will cost twice as much as I think it should

2) Everything will take twice as long as I am told

3) The size of an airplane part is indirectly proportional to its cost

And finally;

4) My wife was correct (although I won't admit it to her face) when she said "It would have been cheaper if you had a cocaine habit"

Sent from my iPad using Tapatalk

[kortopates]

I went through the sales tax exemption process in CA too as Jerry described. But this was over a dozen years ago with an aircraft purchase price of over $200K - so I was very motivated to make the effort for 8% savings. My purchase was entirely for personal use so I followed a different protocol which kept the aircraft out of state for over 3 months. The rules have since changed and as far as I know the exemption is only good for business use today. However anyone interested in this only needs to go to the CA BOE website and read up to find out if there is anyway they pull it off. Well worth it if you can.

Sent from my iPhone using Tapatalk

[ryoder]

Nobody will want to live in CA if they keep this up.

[FlyDave]

Nobody will want to live in CA if they keep this up.

 

Um....no

[AndyFromCB]

My general rules about plane ownership are as follows:

1) Everything will cost twice as much as I think it should

2) Everything will take twice as long as I am told

3) The size of an airplane part is indirectly proportional to its cost

And finally;

4) My wife was correct (although I won't admit it to her face) when she said "It would have been cheaper if you had a cocaine habit"

Sent from my iPad using Tapatalk