Fill Out Legal Iowa Aircrafts Forms For Free

Do I have to pay use tax on my aircraft? Yes. A six percent use tax on the purchase price of an aircraft must be paid when the aircraft is registered. Payment should be sent with the Application for Aircraft Registration, along with a copy of a Bill of Sale, and fees for annual registration.

Aircraft that is 30 years old or older and is for personal use - $35. A helicopter used exclusively as an air ambulance service - $1,000. Fixed-base operator under an agreement with a public-owned airport's governing body to provide general public service - $100. Scheduled airline used for interstate operation - $100.

Forms for Buying and Selling Aircraft Aircraft Registration (AC Form 8050-1) Aircraft Bill of Sale (AC Form 8050-2) 8050-3- Current registration in aircraft, back filled out, signed and sent into FAA. Information if registering aircraft in an LLC. Sample Aircraft Purchase/Sales Agreement.

Once you have this document, you'll need the following information to fill it out in this order: Date of the Sale. Buyer's name & mailing address. Seller's name & mailing address. Aircraft information must include: ... Agreed Purchase Price. Agreed Date of Delivery. Deposit Amount Due at Time of Purchase.

Registering Your Aircraft an Aircraft Registration Application, AC Form 8050-1. evidence of ownership (such as one or more bills of sale) the $5.00 registration fee made payable to the Federal Aviation Administration.

Aircraft owners will be required to confirm their registration information and renew their certificate every seven years, unless an event or circumstance necessitates a new registration being submitted prior to the expiration of the certificate.