Airworthiness inspection questions

[Sonerai13]

I am curious how best to fill in the sale amount and date on the Aircraft Bill of Sale provided by Sonex. I've heard that some write in $1 and OTC. I also understand that my state, Pa, might want a more accurate number at some point. Also... what is the suggested date (does this XX day of ZZ hereby sell...) to use given that the kit was purchased over period of several years...ie tail kit...airframe kit...engine...instruments...prop?

peter.

Just use a recent date, and I'd suggest you use the $1+OVC for the value on the FAA bill of sale. The FAA doesn't care how much you paid, and the state will likely want to see receipts or invoices if they get technical. (Some states do, some don't.)

[pfhoeycfi]

great...

thanks,

peter

[Scott Todd]

When I finished my AeroVee powered Biplane 15 years ago, the state of AZ came at me pretty hard for luxury tax. I sent them build photos and pointed out it was plans built entirely from wood and had a VW engine that I built from parts. That was all truthful and I implied it didn't really have any value and that I had paid taxes on the parts as I went along.

Knowing my Onex might run into same issue, I registered it a year before it was finished. When the State caught up with me, I again told them it was a home built from plans and had a VW motor on it but wasn't finished. They said to let them know when it was done. I offered to do the state registration early ($25) and they said that would be fine. I just renewed it.

I advise all home builders to register early. Most insurance companies want them registered early too as that officially makes it an airplane. My Onex Bill of Sale was sent in with $1 + OVC.

I have also posted elsewhere I ALWAYS send FAA paperwork in USPS certified overnight mail. It seems I usually get about a week turnaround. My friends that send it regular mail get stuff back in a few months. The FAA says it doesn't matter but I somehow believe that priority mail coming into them gets handled differently. Just saying what has worked for me... :)

[bvolcko38]

QVC?

[Sonerai13]

QVC?

It's OVC, which stands for "Other Valuable Considerations". A standard legal terminology that appears on many if not most FAA bills of sale.

[Bryan Cotton]

Got my registration back today. Yay! It was issued to Bryan Colton, instead of Bryan Cotton. Ugh. It is listed as a Cotton Waiex. I did all the forms as edited .pdfs as I would not want anybody to have to read my handwriting. All my forms are correct, so it looks like somebody at the FAA made a mistake. Any advice?

[GordonTurner]

Unfortunately I think you need to get it corrected right away. These forms must be correct.

[Bryan Cotton]

Unfortunately I think you need to get it corrected right away. These forms must be correct.

I submitted a web form to the registration branch with all the details and a request for help. I guess what I'm looking for here is someone with experience or contacts that can help. Thanks!

[Sonerai13]

Bryan,

Call them right away and get the process started to get it corrected. There isn't any magic that I know other than getting into the queue and just pushing through. You'll likely have to wait on hold when you call, but stick it out. It will be worth it in the long run.

[Area 51%]

You can change your name at the DMV for $20 and a 45 minute wait.