REFLECTOR:A TOUCHY SUBJECT!

Greg Poole reflector@tvbf.org
Sat, 14 Jun 2003 07:33:58 +1000


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What?!!  ...you blokes pay tax for your own labour spent on your own =
plane - when it is a hobby?

Nothing like that when your upside down down here!  We would have a =
revolution if the gov't tried to introduce anything like that!


Greg in Sydney.
  ----- Original Message -----=20
  From: SlvEgl99@aol.com=20
  To: reflector@tvbf.org=20
  Sent: Saturday, June 14, 2003 3:20 AM
  Subject: Re: REFLECTOR:A TOUCHY SUBJECT!


  As I am a Florida resident and purchased the kit from Velocity, they =
collected sales tax and orwarded it to the state. When questioned by the =
state I submitted copies of the Velocity invoices and that took care of =
it.

  I think if I were from another state I would assign the value that I =
paid for the kit and that would be fair. You would have invoices to =
support that cost and you would not of course have to pay taxes on the =
"Value Added" by your labor.

  If you buy a completed plane, I think you can not escape the fact that =
the value is what you paid for it.

  This is not legal nor tax advice as I am not qualified to provide =
either (grin).
  Bob Wood=20

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<DIV><FONT face=3DArial color=3D#800000>What?!!&nbsp; ...you blokes pay =
tax for your=20
own labour spent on your own plane&nbsp;- when it is a =
hobby?</FONT></DIV>
<DIV><FONT face=3DArial color=3D#800000></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial color=3D#800000>Nothing like that when your =
upside down down=20
here!&nbsp; We would have a revolution if the gov't tried to introduce =
anything=20
like that!</FONT></DIV>
<DIV><FONT face=3DArial color=3D#800000></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial color=3D#800000></FONT>&nbsp;</DIV>
<DIV>Greg in Sydney.</DIV>
<BLOCKQUOTE=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #800000 2px solid; MARGIN-RIGHT: 0px">
  <DIV style=3D"FONT: 10pt arial">----- Original Message ----- </DIV>
  <DIV=20
  style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
  <A title=3DSlvEgl99@aol.com =
href=3D"mailto:SlvEgl99@aol.com">SlvEgl99@aol.com</A>=20
  </DIV>
  <DIV style=3D"FONT: 10pt arial"><B>To:</B> <A =
title=3Dreflector@tvbf.org=20
  href=3D"mailto:reflector@tvbf.org">reflector@tvbf.org</A> </DIV>
  <DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Saturday, June 14, 2003 =
3:20=20
  AM</DIV>
  <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: REFLECTOR:A TOUCHY =

  SUBJECT!</DIV>
  <DIV><BR></DIV><FONT face=3Darial,helvetica><FONT lang=3D0 =
face=3DArial size=3D2=20
  FAMILY=3D"SANSSERIF">As I am a Florida resident and purchased the kit =
from=20
  Velocity, they collected sales tax and orwarded it to the state. When=20
  questioned by the state I submitted copies of the Velocity invoices =
and that=20
  took care of it.<BR><BR>I think if I were from another state I would =
assign=20
  the value that I paid for the kit and that would be fair. You would =
have=20
  invoices to support that cost and you would not of course have to pay =
taxes on=20
  the "Value Added" by your labor.<BR><BR>If you buy a completed plane, =
I think=20
  you can not escape the fact that the value is what you paid for=20
  it.<BR><BR>This is not legal nor tax advice as I am not qualified to =
provide=20
  either (grin).<BR>Bob Wood</FONT> </FONT></BLOCKQUOTE></BODY></HTML>

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