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Selling M14P engine - salary tax on it?

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Tribeca

Joined: 14 Aug 2018
Posts: 1

Posted: Wed Aug 15, 2018 1:18 am Post subject: Selling M14P engine - salary tax on it?

Hello!



I had my aircraft broken down into parts due to an issue in the frame meaning it was not deemed airworthy after some checks I had done on it. A sad but convenient mistake as I was looking to get something new anyway. Either way, I am selling the M14P engine on the aircraft as that is absolutely perfect with few hours on it. I was wondering if I will end up being taxed on that? The engine was imported which is the reason for my concern. I have used this tax calculator here (www.income-tax.co.uk ) but still unsure - can somebody here alleviate my concerns?



Many thanks!

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