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Buy Aircraft in USA and sell abroad

Last post 01-05-2013, 3:34 AM by Shabab. 1 replies.
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  •  12-29-2012, 5:47 PM 12101

    Buy Aircraft in USA and sell abroad

    Ladies and Gentlemen, I am trying to buy a new aircraft here in USA and sell it to a company based outside the United States. My question is do I have to pay tax on the aircraft if I buy it and sell it off immediately to a foreign company?
  •  01-05-2013, 3:34 AM 12118 in reply to 12101

    Re: Buy Aircraft in USA and sell abroad

    It all depends. If it is being exported outside. If you buy it and it gets N (November) registration on it then you need to pay tax.
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