Blog

Can I use a Delaware corporation to avoid sales tax on my aircraft?


 

Transcript:

One of the most common misconceptions of business aircraft ownership is that by purchasing or owning the aircraft in a Delaware corporation or LLC, you can avoid sales or use tax on your aircraft, or fly under the radar, so to speak, and not attract the attention of any taxing authorities. This process, or this procedure, does not absolve you of either sales or use tax obligations on your aircraft and is a poor planning strategy that states are relatively aware of, and they do have other ways to find out that your aircraft is based in their state. Some states, in fact, when they see a Delaware LLC, become largely suspicious that perhaps you do have an outstanding tax obligation owed to them.

Advocate Covers:

Our Results

Service Agreements

Small Piston Comprehensive Service Agreement

For Piston Aircraft with a gross takeoff weight of less than 6,000 lbs and costing less than $500,000 – $3,000 per year

Large Piston Comprehensive Service Agreement

For Piston Aircraft with a gross takeoff weight of more than 6,000 lbs or costing more than $500,000 – $5,000 per year

Small Turboprop Comprehensive Service Agreement

For Turboprop Aircraft with a gross takeoff weight of less than 12,500 lbs, and not subject to “truth in leasing” – $7,500 per year

Our Team

Meet the Attorneys

Jonathan Levy

Shareholder

Suzanne Meiners-Levy

Shareholder

Joseph Quackenbush

Managing Attorney

Letisha Bivins

Managing Attorney

Do you love aircraft? Work with our team of professionals!

Contact Us

Get in Touch
With Us

Get in Touch