RE: Light-Sport Aircraft Yahoo group Question

Better would be to have the seller turn in the N number to the FAA and file
as abandoned. If the FAA records you as having bought a plane, the state
will be notified and come looking for sales/use tax each year. They seem to
overlook ultralights. --Bill Watson bill@sportpilot.info

-----Original Message-----
From: Sport_Aircraft@yahoogroups.com [mailto:Sport_Aircraft@yahoogroups.com]
On Behalf Of Eric Shannon
Sent: Thursday, July 30, 2009 6:33 PM
To: Sport_Aircraft@yahoogroups.com
Subject: Re: Light-Sport Aircraft Yahoo group Question

---
Hi Dan,

I took a few items off the aircraft,(brakes, pod, etc..) and it now makes
legal weight, and the biggest reason, I am not a Sport Pilot. So, if I send
in the bill of sale, and get it registered in my name, then I can do with it
what I wish?

Eric

In Sport_Aircraft@yahoogroups.com, "Dan Charter" <lndc2000@...> wrote:
>
> > I guess I have to ask, Why not keep it registered? I'll be easier to
sell later on. Being single seat and 5 gal might keep the FAA from writing
violations if and when something goes wrong but you just don't know that for
sure. Each violation could be up to $11,000.00
> Dan Charter
>
> --- In Sport_Aircraft@yahoogroups.com, "Jim Bair" <JimBair@> wrote:
> >
> > Hi Eric,
> > Bad news. The previous owner is not off the hook just yet. He needs to
send in a bill of sale to make sure they know that *you* are now the current
and you can do anything you want with it. If the transaction is not
completed, the previous owner will be listed as the current owner until it
all gets straightened out. I don't know what the tax situation is in your
state, but the previous owner may get a tax bill. That will alert him that
he needs to do something. :) That airplane won't disappear until it is
officially scrapped by you. And, BTW, you're probably the last owner unless
you can find another sucker. By tearing off the data plate and N-number,
you have greatly decreased the resale value.
> >
> > Jim
> >
> >
> > ----- Original Message -----
> > From: Eric Shannon
> > To: Sport_Aircraft@yahoogroups.com
> > Sent: Thursday, July 30, 2009 7:03 PM
> > Subject: Light-Sport Aircraft Yahoo group Question
> >
> >
> > I just bought a Quicksilver "ultralight", the owner had it
registered experimental and it had an N-number. He did this because it was a
little over-weight, the weight is the only thing that makes it non-part 103.
My question is, do I legally have to notify the FAA and let them know I
purchased this aircraft? I already took the data plate and N-numbers off of
the plane as I plan to fly it as an ultralight. I just want to be sure that
the previous owner is "off the hook" so to speak as being responsible for
the plane.
> >
> > Thanks,
> > Eric
> >
>

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