Watch.....a tax deduction??
Join Date: Sep 2003
Location: Guam
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Mr 404,
Actually it does in appendix IV (d).
So bite me.
And read ALL of the reference before you come back posting what you [I]think[/L] it might say or not say.
However your last paragraph:
Is very true!
But ... as you quite simply pointed out. It may be in the aircraft or it may be on your wrist. IT IS NOT A REQUIREMENT FOR IT TO BE ON YOUR WRIST AS TORRES STATED.
This was my objection.
And as we've rehashed before... for IFR passenger carrying charter operations and RPT operations(appendix II & III) It does not state any provision for this timepiece to be worn on the wrist. And seeing as CAO 20.18 is headed up as Aircraft Equipment - Basic Operational Requirements , one would conclude that as you can't be worn on your wrist......... It's fixed to the aircraft.
Hence if it's aircraft equipment, it's not pilot equipment.
The only way I can figure you can claim your watch is if you are the owner of the aircraft. The aircraft is not equippedwith a timepiece. You operate it under a suitable CAO 20.18 appendix allowing the timepiece to be worn on the wrist (I & IV), and you are depreciating your wristwatch as part of the aircraft equipment along with the rest of the avionics.
No wear does it say, quote:
CAO 20.18 states that in certain categories of flight a clock mounted as an integral part of the aircraft may be OMITTED if worn on the wrist by the pilot / navigator.
CAO 20.18 states that in certain categories of flight a clock mounted as an integral part of the aircraft may be OMITTED if worn on the wrist by the pilot / navigator.
So bite me.
And read ALL of the reference before you come back posting what you [I]think[/L] it might say or not say.
However your last paragraph:
simple language is that the time piece must be in the aircraft or on the pilot/navigator. Now if the aircraft doesn’t have a clock and there isn’t a dedicated “navigator” on board, then the pilot must wear a watch that reads hours, minutes and seconds. It's that simple
But ... as you quite simply pointed out. It may be in the aircraft or it may be on your wrist. IT IS NOT A REQUIREMENT FOR IT TO BE ON YOUR WRIST AS TORRES STATED.
This was my objection.
And as we've rehashed before... for IFR passenger carrying charter operations and RPT operations(appendix II & III) It does not state any provision for this timepiece to be worn on the wrist. And seeing as CAO 20.18 is headed up as Aircraft Equipment - Basic Operational Requirements , one would conclude that as you can't be worn on your wrist......... It's fixed to the aircraft.
Hence if it's aircraft equipment, it's not pilot equipment.
The only way I can figure you can claim your watch is if you are the owner of the aircraft. The aircraft is not equippedwith a timepiece. You operate it under a suitable CAO 20.18 appendix allowing the timepiece to be worn on the wrist (I & IV), and you are depreciating your wristwatch as part of the aircraft equipment along with the rest of the avionics.
Ibol
The thread topic is:
Watch.....a tax deduction??
The only point I wanted to make, which is totally relevent to the topic, is that the ATO are not going to grant a tax deduction on a $5,000 diamond encrusted gold watch, no matter whether you wear it on your wrist, have it in your pocket, attached to the aircraft, strapped to your little toe - or rammed up your hooter valve!
Debate over the CAO's is totally irrelevent to the thread topic, when you and I both know a watch is a "tool of trade" for any pilot.
God ... I hate Fridays!!!!!
The thread topic is:
Watch.....a tax deduction??
The only point I wanted to make, which is totally relevent to the topic, is that the ATO are not going to grant a tax deduction on a $5,000 diamond encrusted gold watch, no matter whether you wear it on your wrist, have it in your pocket, attached to the aircraft, strapped to your little toe - or rammed up your hooter valve!
Debate over the CAO's is totally irrelevent to the thread topic, when you and I both know a watch is a "tool of trade" for any pilot.
God ... I hate Fridays!!!!!
Ibol
I have never made a single reference to CAO 20.18 Appendix IV. I have only ever made reference to Appendix I. In which case all my comments stand as factual. All I was trying to show you and others was that there is a legal loophole to claiming a deduction for a watch. Probably not a Breitling but definitely a Citizen or a Seiko. I’m sorry but your assertion that a watch carried by the pilot under Appendix I & IV is part of the aircraft equipment is totally irrelevant to this debate and wrong. The Oxford Dictionary and American Heritage Dictionary definition of “Omitted” is (To fail to include or mention; leave out). Therefore if we replace “Omitted” with “Left Out” in Appendix IV, we get:
It is saying very simply, (because that is all you seem to understand), that if we “leave out” the Clock from the aircrafts equipment it is OK to operate as long as the pilot has a personal timepiece on him. In both Appendix I & IV if the aircraft isn’t fitted with a clock or it isn’t working, in which case it must be placarded so in the Flight Manual and the aircraft as unserviceable, then the pilot must have a timepiece on him (whether it be on his wrist, in his pocket or up his *******) as Torres so eloquently put it. Now Ibol, you are detracting from what this debate is all about, “Tax Deduction for a watch” with your immature, pedantic drivel. Grow Up. End of lecture.
I have never made a single reference to CAO 20.18 Appendix IV. I have only ever made reference to Appendix I. In which case all my comments stand as factual. All I was trying to show you and others was that there is a legal loophole to claiming a deduction for a watch. Probably not a Breitling but definitely a Citizen or a Seiko. I’m sorry but your assertion that a watch carried by the pilot under Appendix I & IV is part of the aircraft equipment is totally irrelevant to this debate and wrong. The Oxford Dictionary and American Heritage Dictionary definition of “Omitted” is (To fail to include or mention; leave out). Therefore if we replace “Omitted” with “Left Out” in Appendix IV, we get:
(d) an accurate timepiece indicating the time in hours, minutes and seconds, except that this may be “Left Out” if it is carried on the person of the pilot or navigator;
....Glad to.
