M14PEngines-List Digest Archive
Wed 08/15/18 |
Total Messages Posted: 1 |
Today's Message Index:
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1. 02:18 AM - Selling M14P engine - salary tax on it? (Tribeca)
Message 1
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Time: 02:18:58 AM PST US
Subject: Selling M14P engine - salary tax on it?
From: "Tribeca" <sudiseek1@outlook.com>
Hello!
I had my aircraft broken down into parts due to an issue in the frame meaning it was not deemed airworthy after some checks I had done on it. A sad but convenient mistake as I was looking to get something new anyway. Either way, I am selling the M14P engine on the aircraft as that is absolutely perfect with few hours on it. I was wondering if I will end up being taxed on that? The engine was imported which is the reason for my concern. I have used this tax calculator here (www.income-tax.co.uk ) but still unsure - can somebody here alleviate my concerns?
Many thanks!
Read this topic online here:
http://forums.matronics.com/viewtopic.php?p=482404#482404
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