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On Sat, 17 Nov 2007 09:09:08 -0800, Richard Riley wrote:
An owner who goes that way should also list the engine as experimental. A Cozy builder locally listed his airplane as a Jones Runabout or some such, but listed the Lycoming 360 engine. The assessor said the last plane they'd billed with that kind of engine was a new Cessna 172, therefor the homebuilt was worth as much as the Cessna - $250k. That's a good tip. I would have never thought of the engine being a tax target. Posted Via Usenet.com Premium Usenet Newsgroup Services ---------------------------------------------------------- ** SPEED ** RETENTION ** COMPLETION ** ANONYMITY ** ---------------------------------------------------------- http://www.usenet.com |
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