Friends and Colleagues,
An opportunity worth considering...Don't pay a tax and buy a JET.
As of December 15, 2017, industry sources are indicating that one of the major treats of the Tax Bill to aviation has been lifted and a major victory has been achieved for general aviation.
Reconciliation of the House of Senate bills provides immediate expensing for "NEW" and "USED" equipment, including business aircraft acquired after September, 27th, 2017. Under current law, businesses can depreciate aircraft over five (5) years, but the new legislation will allow businesses to write off those expenses in (1) one year. For the aviation industry, this will lead to increased transactional activity and incentivize more companies and individuals to acquire aircraft.
The Opportunity to expense 100% of the purchase price for a new or used aircraft is significant planning consideration and should be carefully considered. If this opportunity is of interest, you should consult with your tax professional and examine the specifics of how this opportunity may be of benefit.
Please keep in mind if you end up finding an aircraft either via JetLease services or through your own diligence, we welcome and encourage you to leverage our Finacing Company, JetLease Capital. Great fixed rates and terms as low as 3.75% for qualifed clients.
Disclaimer: This information has been prepared and provided for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction.