Aircraft Bill of Sale, FAA Registration, and Hangars

Use this area for aviation related general discussions, newsworthy items, and non model specific topics.

Aircraft Bill of Sale, FAA Registration, and Hangars

Postby Rynoth » Thu Jan 22, 2015 4:28 pm

This is an FYI for those builders reaching the stage in their project where you start considering a move from an off-airport location and into hangar space.

It's very likely that a hangar lease will REQUIRE you to have an N-number (especially at those airports that receive FAA funding.) Therefore you will need to complete the registration process BEFORE you are able to get a hangar and move your project. To complete the registration application, you will first need to get a signed bill of sale from Sonex, which they furnish on request and snail-mail to you. You should get this ball rolling SEVERAL MONTHS before you might actually be ready to sign a hangar lease and/or jump on an available hangar opportunity. You also will need a hard copy of the registration application certificate (it's carbon copied and not downloadable), which I believe is provided in the EAA's certification kit or available at any FSDO.

Registration is separate from airworthiness, i.e. there is no inspection required, just paperwork. However the registration must be completely done prior to applying for airworthiness.

I just learned all of this information as I was getting ready to apply for open hangar space near my home, only to discovery I couldn't do anything without a tail number. Now I await the process and cross my fingers that the space is still available when I finally receive my registration.

Here's a link to the FAA webpage regarding Amateur-built registration: https://www.faa.gov/licenses_certificat ... _aircraft/
EAA certification kit: https://www.eaa.org/en/eaa-shop/homebui ... cation-kit
Ryan Roth
N197RR - Waiex #197 (Turbo Aerovee Taildragger)
Knoxville, TN (Hangar at KRKW)
My project blog: http://www.rynoth.com/wordpress/waiex/
Time-lapse video of my build: https://www.youtube.com/watch?v=Q8QTd2HoyAM
User avatar
Rynoth
 
Posts: 1308
Joined: Fri Jul 26, 2013 1:32 pm
Location: Knoxville, TN

Re: Aircraft Bill of Sale, FAA Registration, and Hangars

Postby Fastcapy » Thu Jan 22, 2015 5:27 pm

-----
Last edited by Fastcapy on Tue Feb 24, 2015 2:47 pm, edited 1 time in total.
Mike Beck
Oshkosh, WI (KOSH)
Sonex #1145 N920MB
Std Gear, Modified Aerovee, Rotec TBI, Dual Stick, Acro Ailerons
MGL Panel
Airworthiness: 10/24/13, First Flight: 05/18/14
Fastcapy
 
Posts: 335
Joined: Sun Jan 12, 2014 11:45 am
Location: KOSH

Re: Aircraft Bill of Sale, FAA Registration, and Hangars

Postby Stogie6 » Thu Jan 22, 2015 6:04 pm

And of course, once you register the aircraft with the FAA the tax man cometh. I know here in Tennessee, there is a dedicated individual with the State Internal Revenue office that scowers the aircraft registry looking for newly assigned N-Numbers and will ask you pay a sales tax...I have been given advice as to stating on the Bill of Sale what ever dollar amount you wish to claim plus Other Valuable Consideration (OVC). Example - $5.00 and OVC. This may start a whole other conversation...best of luck to all my garage band/building brethren.
Last edited by Stogie6 on Fri Jan 23, 2015 12:28 pm, edited 2 times in total.
David F. Jones
Memphis (Mud Island), TN
Aerovee powered Onex
N153TD
Based at KAWM and in the midst of Phase 1
User avatar
Stogie6
 
Posts: 132
Joined: Sun Jan 06, 2013 11:36 am

Re: Aircraft Bill of Sale, FAA Registration, and Hangars

Postby techno-wizard » Fri Jan 23, 2015 9:24 am

FYI...you can reserve an N-number with the FAA for $10/year without having to go through the rest of the registration process. Maybe that will be enough to satisfy the hangar folks.

Keith
Sonex #1598
Keith Borgstrom
Sport Pilot
Currently building legacy Sonex #1598
N5YZ - Reserved
Tri-gear, Aerovee 2.1, dual stick, Sport Trainer configuration
http://www.mykitlog.com/techno-wizar
User avatar
techno-wizard
 
Posts: 11
Joined: Mon Aug 08, 2011 10:01 am
Location: Lyme, NH


Return to General Discussion

Who is online

Users browsing this forum: No registered users and 4 guests

cron