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| New Thorp Owners http://t18.net/thorpforum/viewtopic.php?f=29&t=6541 |
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| Author: | leewwalton [ Fri Mar 11, 2011 11:22 am ] |
| Post subject: | New Thorp Owners |
Just picked up the FAA Registation Database dated 03/07/2011 Here are Thorps that have found new owners in the past couple of months ... looks like there's a small migration to Louisiana. N_NUMBER,PREVIOUS_OWNER,NEW_OWNER,CITY,STATE N955K,HARMENING ROY J,SKAGGS RONNIE,MANILA,AR N872RM,PETERSEN TIM,SCHICK THOMAS P,WINTER HAVEN,FL N102JT,HALLEN MARK R,BANTAM MARK D,GOODLAND,KS N976DB,DEVIL DUSTERS INC,REGISTRATION PENDING,SAINT FRANCIS,KS N1325G,GARDNER WILLIAM R,BENTLEY RICHARD C,BROUSSARD,LA N9323A,FLYNN PAUL K,REGISTRATION PENDING,NEW IBERIA,LA N99SK,DOWNER CORKY,SALE REPORTED,PEARL RIVER,LA N335BW,SALE REPORTED,REGISTRATION PENDING,FOSTER,RI N5661,SATTLER W R,MCMAHAN RICHARD F,SEVIERVILLE,TN N69HC,HALLEN MARK RICHARD,LUITEN JACK L,COLVILLE,WA |
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| Author: | joe wengerd [ Fri Mar 11, 2011 12:09 pm ] |
| Post subject: | New Thorp Owners |
the city of albany,ga is assessing advolerum tax on my t18.can someone let me know how & where to find recent sale $ amounts.the lady in charge of assessment thinks 40,000.is close,reasoning that mine is much newer than the ONE she found for sale online. |
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| Author: | leewwalton [ Fri Mar 11, 2011 12:35 pm ] |
| Post subject: | New Thorp Owners |
Joe, I don't think the bill of sale info is public. The vast majority of T-18's are going for $30K +/- 3K ... 40K is not realistic (unfortunately). |
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| Author: | shinton [ Fri Mar 11, 2011 5:09 pm ] |
| Post subject: | New Thorp Owners |
My city based my taxes on what I actually paid for the plane. Have you showed them a copy of the bill of sale? |
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| Author: | joe wengerd [ Fri Mar 11, 2011 6:39 pm ] |
| Post subject: | New Thorp Owners |
Fraser,the way my luck has been/she would give me the dinero & make me squirm & stutter so i wont mention the 100.dollar dealybob.Yes Scott she asked about the bill of sale,that is the most fair way for both sides.BTW i should be able to make your gathering Scott,being a single man,should i leave B.B for couple,or book & be flexible to move to the motel? |
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| Author: | joe wengerd [ Fri Mar 11, 2011 6:48 pm ] |
| Post subject: | New Thorp Owners |
10/4 on that Lee,ive been reading the NL's& i have even more respect for those that can build one of these fine,sturdy machines! |
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| Author: | Rich Brazell [ Fri Mar 11, 2011 7:40 pm ] |
| Post subject: | New Thorp Owners |
Taxes, Taxes ! I went to the County of San Diego to gather info on "use tax" for my S-18. I left the newly built County Assessors office thinking I would be assessed the comp of what other Thorps were going for on BarnStormers and Trade-A-Plane. Doing some more research on the County wed site I found a small "out of the way" paragraph pertaining to "vehicles" that are built (boats and A/C included). It appears the County of San Diego can only charge you tax on the actual cost to build, not what the A/C is worth. So naturally I put down $25,000 on the form. Also being that the A/C is more than 35 years old, it qualifies as a "Historical Aircraft Designation." As long as I "show the plane" (airshows, T-18 fly-ins, etc.) to the public 12 days a year, I pay no County tax. Now I have to deal with the State of California Board of Equalization (Franchise tax board). Where will the madness end ! [:0] RB |
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| Author: | shinton [ Fri Mar 11, 2011 8:46 pm ] |
| Post subject: | New Thorp Owners |
Joe, if there is room in the B&B, I say grab it. I'd rather see all of the rooms booked by Throp group folks. On April 1 any rooms not booked will be opened to the general public. |
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| Author: | PRHicks [ Sun Mar 20, 2011 4:50 pm ] |
| Post subject: | New Thorp Owners |
It's always best to check the complex tax laws before purchase and plan accordingly. There can be sales/use tax and also property tax that applies in the state purchased as well as the state it goes to. Some states have even placed a tax on visiting aircraft that stay 'too' long. As for Sale$ tax, some states have an exemption for occasional or isolated sale. That is the case for Kansas which also has a property tax exemption for AC over 30 years old or used for business. They regularly download the FAA owner database and contact owners well (as in years) after the sale. Then ask for documentation on a sale that is exempt and thus does not need such. Buyer beware and document. I am not a lawyer but act as one on my own behalf... so standard disclaimers apply. |
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