Aircraft-18 - Fractional Ownership Purchase of Aircraft Subject to Sales or Use Tax

In Tennessee, tax is due each time ownership of an aircraft changes. The original purchase, transfer, or importation was a separate taxable transaction from you being added as a co-owner. You would owe tax based on the total consideration that you gave to become a co-owner.

Reference: Tenn. Code Ann. § 67-6-102(8)(C).