Originally Posted by
Martin_123
my consideration here is if I buy a plane for let's say 10k, paying an extra 2k for vat is not going to bankrupt me. I've no intention in avoiding or circumventing the law. What I don't want however is that my tax man looks at cessna or piper web site and decides that my 50yo spam can is worth in the area of 400k USD and bills me accordingly. So I was hoping for some first hand experiences with this
They mostly will look at the Bill of Sale, they may have a quick check of Trade-a-plane, Controller, Vref of some other site if the value looks odd. I have never heard of an honest transaction being a problem, but have heard of dishonest transactions being rumbled.