Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What are the tax advantages of owning part of an aircraft?

April 26, 2017advantages aircraft owning tax

0

Posted

What are the tax advantages of owning part of an aircraft?

1 Answer

0

Posted

The Company Jet qualifies for the 2008 bonus depreciation program because all aircraft are brand new. We anticipate the Bombardier Learjet 40XR will have an excellent resale value. This, combined with the depreciation, results in a very low cash flow requirement. For more specific advantages for your business, we recommend talking to a lawyer or firm with aviation experience like Barnes & Thornburg LLP.