Tax consequences of selling an aircraft that has appreciated
Capitals gains or ordinary income?
Capitals gains or ordinary income?
The general rule for bonus depreciation for a 2023 acquisition is 80%. “Certain Aircraft” as defined by Internal Revenue Code §168(k)(2)(C) will qualify for 100% bonus depreciation for aircraft that will be delivered and placed in service in 2023 (§168(k)(6)(B)(i)).
ATC has been the exclusive tax sponsor and partner of US AIrcraft Expo since its inception.
Amidst a vibrant merger and acquisition landscape, many clients have approached ATC in recent months to discuss aircraft tax planning strategies relating to the sale of their companies.
December 31, 2021 is the last day to place a business aircraft in service to capture 100% bonus depreciation
Bonus depreciation can increase cash flow immediately
Owner Flights under Part 135 – exempt from FET
A quick review of the American Rescue Plan Act of 2021 by Congress reveals no specific tax law changes that will apply to business aircraft acquisitions in 2021.
When to get an aviation tax advisor involved?