Download Aircraft Ownership : A Legal and Tax Guide by Raymond Speciale PDF

By Raymond Speciale

* deals ''how to'' details and suggestions to the commonest felony and tax matters dealing with basic aviation plane owners--in layman's phrases

* stream charts, diagrams, and felony case briefs offer genuine global eventualities of every dialogue

* CD-ROM comprises downloadable types, agreements, and checklists

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In some cases, it may be possible that the deposit will be held for extended periods of time before a sale is consummated. If this is the case and you are an aircraft buyer, it may be a good idea for you to consider interest accruing on the deposit if it is refundable. Closing Closing the transaction is a big step in your aircraft sale or purchase. The basic mechanics of a closing involve a transfer of aircraft title to the buyer with a transfer of funds to the aircraft seller. This sounds simple enough.

Individual Ownership Owning an aircraft as an individual is perhaps the simplest form of aircraft ownership. If your only intention is to use your aircraft for personal purposes and you don’t intend to permit anyone else to operate your aircraft, this may be a form of ownership for you to consider. 31 Copyright © 2003 by The McGraw-Hill Companies, Inc. Click here for Terms of Use. 32 Buying or Selling an Aircraft Formation and liability As an aircraft purchaser, all you will need is a bill of sale transferring legal title to the aircraft to your name.

1185 (1969), the court defined “explicit” in reference to section 2-401, U. C. ” See, also, Binkley Co. v. , 333 F. Supp. 1183 (E. D. , 1972), for a discussion of the term explicit as used in another section of the code. ” The only other testimony by Bowman on this subject was the testimony of Bowman on cross-examination that he 20 Buying or Selling an Aircraft thought a sale had occurred on December 12, 1970. On redirect however, Bowman testified that he meant an agreement to sell the plane was entered into on December 12, 1970.

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