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Bryan,
I would suggest that you consider the advantages of
having it already FAA registered.
After I registered my kit with the FAA, I
received a notice from my state (Maryland) of tax owed on the plane - 5% x
$200,000 (est. value) = $10,000. I was able to dodge it for a
while since the kit was not finished and was located in Oregon. Eventually
they caught up with me and I had to pay.
Since your plane is already registered, you may be
able to avoid having to pay tax on it. Obviously, I am not a lawyer and
laws vary by state, but I would look into it carefully before you re-register
it.
D. Brunner
----- Original Message -----
Sent: Sunday, December 21, 2008 5:47
PM
Subject: [LML] Registration
Questions
I bought a kit second hand back in 05 from someone. And I
was digging thru the paperwork and found that it was registered with the FAA
and has a tail number. I googled it and its still showing as a
registered N number with my kit serial number. I have no idea why anyone would
register a kit. Registration was never transfered to me when I bought
it. Only the transfer paperwork with Lancair was done.
I dont want it registered as this tail number anyway.
So when I go to apply for new registration when its finished can I apply
with my chosen N number and use the same serial number? Or am I gonna
have problems with this. Can I just use a made up serial number? Also the
current serial has a 320 in it for the designation of it as a 320. I
have a built it as a 360 can I change that portion of the serial number to say
360?
Any advice would help. Thanks
BW
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