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AeromarineTaxPros.com: Hook Up With The Tax Pros At The Beginning When Michael Thibodeau contacted the California Board of Equalization (BOE) in search of advice, he thought he was taking a prudent action, never dreaming that the advice he got would lead to a ruinous tax bill. AeroMarineTaxPros.com: Transfer of Tangible Personal Property - Regulation 1595, Part 1 When contemplating the purchase of an aircraft, a potential owner must consider the ownership structure that will best suit their needs. Often, only afterwards, does the owner realizes they don't own the aircraft in the entity that is most beneficial for tax purposes or that limits their liability. AeroMarineTaxPros.com: Transfer of Tangible Personal Property - Regulation 1595, Part 2 By transferring ownership of an aircraft from one entity or individual to another, a sales/use tax liability can be created. There are different types of transfers of ownership.

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