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How to legally avoid sales tax on your aircraft purchase: hire an expert.

Publication: San Diego Business Journal
Publication Date: 26-APR-04
Format: Online
Delivery: Immediate Online Access

Article Excerpt
Every aircraft purchased for use or storage in California will be audited by the California State Board of Equalization. That is an absolute. The Board secures an audit list of aircraft registered in California from the FAA on a monthly basis. If a buyer does not pay the tax at the time of purchase, the Board has eight years to find the buyer and assess the tax. With an eight-year statute, penalties and interest can often exceed the sales tax on the cost of the aircraft, resulting in a liability twice the initial amount.

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