Utah Aircraft Affidavit

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State:
Multi-State
Control #:
US-FS-573
Format:
Word; 
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Description

This is a multi-state form covering the subject matter of the title.

The Utah Aircraft Affidavit is a legal document used in the state of Utah to establish ownership and/or transfer of ownership of an aircraft. It serves as an official declaration of information regarding the aircraft, its registration details, and any relevant changes in ownership. This affidavit is crucial for individuals or entities involved in buying, selling, or transferring ownership of aircraft in Utah. It ensures that the transaction is legitimate and protects the rights of all parties involved. The document must be completed accurately and submitted to the appropriate authorities to ensure compliance with state law. The Utah Aircraft Affidavit typically includes essential details such as the aircraft's make, model, year of manufacture, serial number, and registration number. These details help identify the specific aircraft in question and ensure that all information is accurate and up to date. The affidavit also documents pertinent information about the buyer and seller, including their full legal names, addresses, and contact information. It is common for supporting documents such as bills of sale, certificates of title, and registration papers to accompany the affidavit to further validate the information provided. Different types of Utah Aircraft Affidavits may exist depending on the specific purpose or situation. These may include: 1. Aircraft Sale Affidavit: This affidavit is used when transferring ownership of an aircraft from a seller to a buyer. It outlines the details of the transaction and ensures that the transfer is lawful and mutually agreed upon. 2. Aircraft Gift Affidavit: This affidavit applies when the transfer of aircraft ownership involves a gift between individuals or entities. It substantiates the intention to gift the aircraft and establishes the transfer of ownership without any financial exchange. 3. Aircraft Inheritance Affidavit: In cases of aircraft ownership being transferred due to inheritance, this affidavit is used to validate the transfer and establish the rightful heir as the new owner. It may require additional documentation such as a will or probate court order. 4. Aircraft Lost Title Affidavit: If the original aircraft title or registration documents are lost or misplaced, this affidavit can be used to request a duplicate title or registration to establish ownership or transfer ownership legally. 5. Aircraft Correction Affidavit: In situations where errors or inaccuracies are found in previously filed aircraft documentation, this affidavit allows for the correction of such mistakes. It ensures that ownership records and legal information are accurate and up to date. It is essential to consult with legal professionals or the appropriate authorities in Utah to understand the specific requirements and procedures associated with the Utah Aircraft Affidavit. Complying with these regulations ensures a smooth and lawful transfer or establishment of aircraft ownership within the state.

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FAQ

The aircraft must be located in a different state when the bill of sale is filed with the Federal Aviation Administration and title (and funds) changes hands from seller to buyer. Ensuring delivery outside of California also ensures that California sales tax is not assessable on the purchase of the aircraft.

States typically impose sales and use tax for the sale, purchase, and use of aircraft. However, the amount of imposed sales and use taxes vary from state to state. Each state enforces specific tax laws that aircraft owners must adhere to.

In Utah, groceries are not subject to state sales tax. This means that any food items purchased for home consumption, including meats, dairy products, fruits, vegetables, and canned goods, are exempt from sales tax.

First-time Registration Using Online Portal Utah aircraft registrations must be paid online using credit cards or e-checks. Create your account with your email address and password. Start by clicking CREATE LOGIN. Search for and then ?Add? currently FAA registered aircraft to your account.

When buying an aircraft in Texas, you will pay between 6.25 percent and 8.25 percent sales and use tax on the aircraft's sales price, less the value of any trade-in. In most cases, the total tax paid is based on the rate in effect at the seller's place of business. The state sales and use tax rate is 6.25 percent.

When you use your aircraft for business or income-producing purposes, the tax laws will allow you to recover the cost of the aircraft over a specified period of years, so that a portion of your aircraft cost is deducted each year. This tax deduction is known as depreciation.

Besides, an over-ocean closing for a U.S. aircraft is unnecessary. Several states (Alaska, Connecticut, Delaware, Massachusetts, Montana, New Hampshire, Oregon and Rhode Island) have basically no sales tax on business jet sales.

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ORIGINAL to the Utah State Tax Commission at the point of registration. If unit is sold by a Utah bonded motor vehicle dealer, attach copy to the Dealer. Calculate the sales tax by completing the bottom section of form TC-828, Aircraft Sales and Use Tax Remittance Form. Your sales tax rate depends on where your ...This affidavit is used to determine the proper tax assessment and registration fees for the aircraft in accordance with Utah state laws and regulations. It is ... The Undersigned Owner Certifies: Select and complete one of these statements or compose a statement for your situation addressing these issues. ___1) I ... If registering to a trustee and the affidavit on file is aircraft specific, an affidavit for the new aircraft or a general affidavit that does not ... TC-721NR Resale Exemption Certificate for Non-Utah Retailers or Wholesalers Taking Delivery. TC-757 Out of State Delivery Affidavit. TC-762 Lease/Rental Sales ... Fill out an official Utah small estate affidavit: https://bit.ly/3f2CKy8 Have you recently experienced the loss of a loved one who didn't ... Complete your affidavit of ownership forms online in a matter of minutes through the Notarize Network! Notarizing a affidavit of ownership can be done in ... Remove the original aircraft registration certificate; Complete the sale ... fill out the Aircraft Re-Registration Application Form on the FAA website. Step 1: Negotiate a Price for the Purchase · Step 2: Fill Out the Bill of Sale · Step 3: Conduct a Pre-Sale Inspection of the Plane · Step 4: Finalize Sale of ...

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Utah Aircraft Affidavit