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  #11  
Old 04-14-2017, 06:21 AM
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Jesse Jesse is offline
 
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Location: X35 - Ocala, FL
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Quote:
Originally Posted by Deweyclawson View Post
Call it a Jeffwhip-10. Put that on the registration and A/W cert. The tax man has no way to question the value as you are the manufacturer. Give it a serial number in accordance with the manufacturer's (you) numbering policy. Your first build, label it serial number 1.

JMHO
Then see how your insurance quote works out with an unknown "one-off" design Jeffwhip-10. Would also hurt resale value I would assume.
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  #12  
Old 04-14-2017, 09:26 AM
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Raymo Raymo is offline
 
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Location: Richmond Hill, GA (KLHW)
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Originally Posted by carolsyracuse View Post
Ray
Don't mean to burst your bubble, but GA has a property tax on aircraft. Perhaps they haven't found you yet probably since you flew after the first of the year. Early in the year they send out a questionnaire. If you have your aircraft in a corporation they may very well find you if you are at a public airport. The airport managers report tail numbers. In which case you will be charged a use tax.

Here is a previous thread discussing this:

http://www.vansairforce.com/communit...t=property+tax
Bubble bursted!

I had been keeping the plane in SC but will be moving it to GA soon. I guess they'll get me... hopefully later
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RV-7A - Slider - N495KL - First flt 27 Jan 17
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  #13  
Old 04-15-2017, 09:45 AM
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Snowflake Snowflake is offline
 
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Quote:
Originally Posted by Jesse View Post
Then see how your insurance quote works out with an unknown "one-off" design Jeffwhip-10. Would also hurt resale value I would assume.
And the FAA may require a 51% determination for the kit for your "one-off" design as well.
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1996 RV-6 "Tweety" C-FRBP (formerly N196RV)
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  #14  
Old 04-15-2017, 09:44 PM
pilotkms pilotkms is offline
 
Join Date: Mar 2007
Location: ALTA LOMA, CA
Posts: 96
Default Possible tax credit in Georgia

Do some reading at dor.ga.gov. I found this easily "a taxpayer's use tax liability will be reduced by like taxes previously paid in another state. "
they may have another clause that negates it but I couldn't find it, yet. I have heard that some states do not allow this and u get to pay twice. Maybe other victims can add info about their state.
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  #15  
Old 04-16-2017, 04:25 AM
Deweyclawson Deweyclawson is offline
 
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Location: Enon Valley
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Quote:
Call it a Jeffwhip-10. Put that on the registration and A/W cert. The tax man has no way to question the value as you are the manufacturer. Give it a serial number in accordance with the manufacturer's (you) numbering policy. Your first build, label it serial number 1.

Quote:
Originally Posted by Jesse View Post
Then see how your insurance quote works out with an unknown "one-off" design Jeffwhip-10. Would also hurt resale value I would assume.
I was simply quoting from the paperwork for my RV6A.
Make: Townsend
Model: RV-6A
Serial No.: 001

About half the RVs I looked at were labeled this way.
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  #16  
Old 04-25-2017, 06:16 AM
Nukeflyboy Nukeflyboy is offline
 
Join Date: Aug 2007
Location: Granbury, TX
Posts: 70
Default TX Tax Bad Info

There are some misconceptions about the Texas tax passed here.

If you buy an existing (flying) aircraft, you can usually avoid sales tax since it is a "casual buy". Not so from a dealer. Texas also has a "use tax".

If you BUILD an aircraft, it is subject to a use tax. The fact that you bought kit parts somewhere else is not relevent. If its first flight is in TX, or if you bring it into the state within one year of its first flight you are subject to the tax. Once you register it you will likely be contacted by the tax office. The tax is not cheap.

They have a publication that covers this and you should check it out because it is complicated.

A bunch of guys will chime in and say they never paid the tax. For some reason the tax office ignores RV4-7, but pick on RV-10s. Probably some $ cutoff. Life is not fair.

I paid this tax on my 10, not on my 6.
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  #17  
Old 04-25-2017, 07:11 AM
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Mel Mel is offline
 
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Location: Dallas area
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Quote:
Originally Posted by Jesse View Post
Then see how your insurance quote works out with an unknown "one-off" design Jeffwhip-10. Would also hurt resale value I would assume.
The insurance on my A&M-6 is exactly the same as it would be on an RV-6. As a matter of fact insurance has it listed as "A&M-6/RV-6"

Serial # is 92006. Ann & Mel's 6th build and we thought it would be finished in 1992.
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North Texas (8TA5)
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Last edited by Mel : 04-25-2017 at 07:14 AM.
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  #18  
Old 04-25-2017, 07:17 AM
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Mel Mel is offline
 
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Location: Dallas area
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Quote:
Originally Posted by Snowflake View Post
And the FAA may require a 51% determination for the kit for your "one-off" design as well.
FAA WILL require a 51% determination!

"Amateur-Built Fabrication and Assembly Checklist (2011)"
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Mel Asberry..DAR since last century
A&P/EAA Tech Counselor/Flight Advisor
Specializing in Amateur-Built and Light-Sport Aircraft
<n168tx(at)flytx.net>
North Texas (8TA5)
RV-6 Flying since 1993
175hp O-320
3-Blade Catto (since 2003)
FRIEND of the RV-1
Eagle's Nest Mentor
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