nigelspeedy
Well Known Member
Hello All,
Good news is that I am about to send in all the documents to begin the registration process for my nearly complete RV-8. I am a resident of California and being new to the USA I am interested to find out how much I am going to be required to pay in taxes.
Will I be required to pay sales tax on the whole planes value upon registration, or just parts that were purchased out of state. Or am I just in for the property tax? Do I need to provide receipts for every purchase that went into the plane?
Who determines the value of the finished aircraft and how?
Is there any value in preempting the tax man with a sacrificial offering or should I just sit back and wait for the inevitable.
If anyone has gone through this precess recently or has some good websites or documents to reference that would be much appreciated.
Regards
Nigel
Good news is that I am about to send in all the documents to begin the registration process for my nearly complete RV-8. I am a resident of California and being new to the USA I am interested to find out how much I am going to be required to pay in taxes.
Will I be required to pay sales tax on the whole planes value upon registration, or just parts that were purchased out of state. Or am I just in for the property tax? Do I need to provide receipts for every purchase that went into the plane?
Who determines the value of the finished aircraft and how?
Is there any value in preempting the tax man with a sacrificial offering or should I just sit back and wait for the inevitable.
If anyone has gone through this precess recently or has some good websites or documents to reference that would be much appreciated.
Regards
Nigel