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Non equity groups??


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Non equity groups??

Old 19th May 2008 | 12:16
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From: Uk-south east
Non equity groups??

Some questions if anyone can help that would be great!

1.Do planes have to be maintained on a Public Certificate of airworthiness as group members dont own a share?

2.Do you have to pay VAT on the monthly and hourly charges??

3.Whats the biggest number of people allowed in a group?

any answers or help greatly appreciated
Cheers 10069
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Old 19th May 2008 | 13:09
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From: notts
Groups

The answers in brief.

1. No, a Standard Cof A is required. Maintenance and inspections must be undertaken by a licenced engineer and a 'Certificate of Release to Service' issued on each occasion.

2. Only if the aircraft is registered for VAT

3. Any number
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Old 19th May 2008 | 13:14
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Non equity groups are just another form of aircraft hire so come under the same rules as that.
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Old 19th May 2008 | 13:42
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thanks for the replys
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