State Tax Considerations for Owning and Operating Aircraft
One of the most neglected considerations when purchasing an aircraft is how to properly plan for the sales tax and use tax implications of buying and owning your plane or helicopter. This can be a very costly mistake, as sales tax and use tax can be as high as ten percent of the aircraft’s purchase price, and sometimes even higher.
Six Common Mistakes Made By Aircraft Purchasers
Buying a plane or helicopter is a big decision, and one that should not be taken lightly. There are many considerations to be made during the acquisition process, and it is not uncommon for certain items to be neglected. Here is a list of six important items that are commonly overlooked.