Daniel participated in a panel discussion today at CJI Americas 2020.
The panel discusses how to put a team together to help create a great experience for aircraft buyers. With many new entrants into private aviation, the panelists agree that having an aviation-savvy team of advisors is critical to guide the aircraft buyer through the various compliance and operational requirements.
https://www.corporatejetinvestor.com/our_events/americas-2020/
House Ways and Means Committee proposes tax reform and tax cut legislations on Friday that include provisions to retroactively extend 100% bonus depreciation for 2023 business aircraft acquisitions.
The Tax Cuts and Jobs Act (TCJA) enabled 100% bonus depreciation for eligible property purchased and placed in service after September 27, 2017 and before January 1, 2023.
My response is a resounding no – why subject your passengers to additional tax payments to the US Treasury when alternatives can be implemented.
Our annual frantic race to closing last minute aircraft deals has begun. We have been fielding numerous questions and scenarios whether an aircraft qualifies for 100% bonus depreciation in 2022:
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)).
