k9hxt(at)sbcglobal.net
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 Posted: Tue Aug 08, 2006 7:03 am Post subject: RV9-List Digest: 5 Msgs - 08/07/06 |
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In Indiana they accept a copy of your bill of sale from Van's plus copies of the invoices for the kits, or quickbuild if applicable. That would be about $16k or $26k more of less. (probably more)Pretty easy on us home builders here. Sales tax is 6% here BTW. I certainly agree with the last thread.
Larry, RV-6A built and flyin'
"NINER LIMA TANGO SENDS"
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1. 09:58 AM - sales/use tax RV 9 (kerrjohna(at)comcast.net)
2. 10:25 AM - Re: sales/use tax RV 9 (deuskid)
3. 11:04 AM - Re: Re: sales/use tax RV 9 (Dale)
4. 03:47 PM - Re: sales/use tax RV 9 (Streiker, Stephen D.)
5. 09:02 PM - Re: Re: sales/use tax RV 9 (Ralph Cloud)
________________________________ Message 1 _____________________________________
Time: 09:58:23 AM PST US
From: kerrjohna(at)comcast.net
Subject: sales/use tax RV 9
recent threads discussed state use/sales tax on homebuilt aircraft. obviously
utah monitors the faa registration. tax plus interest from the date registration
was issued has been assessed. they have assigned a fair market value of $56,900
on the RV9. The tax levied is $3470.90.
it probably is not worth haggling over the fmv but raising the date from which
interest is assessed might be worth a few pennies.
<html><body>
<DIV>recent threads discussed state use/sales tax on homebuilt aircraft.
obviously utah monitors the faa registration. tax plus interest from the
date registration was issued has been assessed. they have assigned a fair market
value of $56,900 on the RV9. The tax levied is $3470.90.</DIV>
<DIV> </DIV>
<DIV>it probably is not worth haggling over the fmv but raising the date from which
interest is assessed might be worth a few pennies.</DIV></body></html>
________________________________ Message 2 _____________________________________
BOE and they will create an account/file. When the plane is eventually
registered (with the same serial number) they will have the prior
payment on
file and tax will not be assessed for items already taxed and paid. Just
be
sure to save copies of all your records/receipts/payments she warned.
OPTION 2) Don't report or pay anything now, but pay it all at once when
the
plane is registered. The registration will trigger a BOE review and
subsequent tax bill.
I was surprised to hear her tell me that in either case, the Use Tax
would
be based on the price paid for the kit(s), NOT the value of the
aircraft.
She confirmed this with someone else in her office and gave me the
example
that if I paid $10,000 for the kit, even though the aircraft might be
worth
$80,000 finished, the Use Tax would only be based on the $10,000 kit
price.
I told her that this is done in stages over years and should I just send
in
additional Use Tax payments as more kits, engine,
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