REFLECTOR:A TOUCHY SUBJECT!
Tom Martino
reflector@tvbf.org
Fri, 13 Jun 2003 10:53:17 -0600
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I hesitate to bring this up ... but it something we all have to face. =
Whenever Iregister a plane with the FAA, I get a notice shortly after =
from the State Revenue Department wanting SALES TAX! If you don't come =
up with what they consider to be "fair market value", they assess a =
value and make you pay taxes on that!
=20
This is my first homebuilt. How have you guys valued the plane for tax =
purposes?
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<DIV><FONT face=3DArial size=3D2><SPAN class=3D713585016-06062003>I =
hesitate to bring=20
this up ... but it something we all have to face. Whenever =
Iregister a=20
plane with the FAA, I get a notice shortly after from the State Revenue=20
Department wanting SALES TAX! If you don't come up with what they =
consider=20
to be "fair market value", they assess a value and make you pay taxes on =
that!</SPAN></FONT></DIV>
<DIV><FONT face=3DArial size=3D2><SPAN=20
class=3D713585016-06062003></SPAN></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2><SPAN class=3D713585016-06062003>This =
is my first=20
homebuilt. How have you guys valued the plane for tax=20
purposes?</SPAN></FONT></DIV></BODY></HTML>
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