AC7168 today
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AC7168 today
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Last edited by CitationNation on Mon Mar 13, 2023 3:58 pm, edited 1 time in total.
- Jean-Pierre
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Re: AC7168 today
Yeah because this kind of abuse the system never has repercussion.
Re: AC7168 today
PAE - Maybe a new plane pickup from Seattle going to KC for some work like interiors or something? Maybe has to come and leave from beyond US domestic airspace to not pay US/state tax on the work?
Re: AC7168 today
This is standard ops for transfer of ownership on new airplanes to avoid tax. You can bet WJ is doing the same thing.
PROC_HDG
PROC_HDG
Re: AC7168 today
Anyone know what are the tax rules regarding this and who benefits? Buyer or seller or both?
I know that if I buy a private aircraft, I will have to pay taxes prior to registering. If I build a home built aircraft, I have to prove I paid taxes on all my parts.
Is there a benefit if I'm buying a private aircraft to fly to international airspace to complete the transaction?
I know that if I buy a private aircraft, I will have to pay taxes prior to registering. If I build a home built aircraft, I have to prove I paid taxes on all my parts.
Is there a benefit if I'm buying a private aircraft to fly to international airspace to complete the transaction?
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Re: AC7168 today
A friend of mine's father sells helicopters... rather, he brokers them. They regularly fly into international airspace to complete the transaction. I'm not sure how it all works, but I remember him telling me a bit about it. On a 20 million dollar heli it can add up to quite a bit as you can imagine.
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Re: AC7168 today
A Vancouver boat broker friend of mine quite often takes new purchasers down on a little learning trip to Point Roberts to sign off and hand the boat over to the new owner. Tax savings. Same with airlines.
I can remember my previous company would take new aircraft deliveries from Boeing on handover flights offshore for the same reason.
I can remember my previous company would take new aircraft deliveries from Boeing on handover flights offshore for the same reason.
Re: AC7168 today
What are you talking about?airboy1 wrote:Another reason to fly westjet!!! Not surprised.
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Re: AC7168 today
"Another reason to fly westjet!!! Not surprised"
airboy1, why would you make such a statement? I don't see the relevance.
airboy1, why would you make such a statement? I don't see the relevance.
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Re: AC7168 today
...ignore the trollairboy1 wrote:Another reason to fly westjet!!! Not surprised.
WJ do the same thing.