Please ensure Javascript is enabled for purposes of website accessibility

Blog

Are there tax benefits associated with business aircraft ownership?


 

Transcript:

Business aircraft can play a really vital role in the successful operation of a business, and there are tax benefits available to those companies that operate business aircraft. Most significantly, there can be the ability to write off a significant amount of the initial purchase or cost investment in the aircraft in the early years of the ownership which can free up capital to make additional business investments, really provide a nice vehicle for deductions provided that the ownership structure is appropriate.

Advocate Covers:

Our Results

Service Agreements

Piston Aircraft Comprehensive Service Agreement

For Piston Aircraft  – $5,000 per year

Small Turboprop Comprehensive Service Agreement

For a single Turboprop Aircraft costing less than $2,000,000 – $7,500 per year

Large Turboprop Comprehensive Service Agreement

For Turboprop Aircraft costing more than $2,000,000 – $10,000 per year

Our Team

Meet the Attorneys

Jonathan Levy

Shareholder

Suzanne Meiners-Levy

Shareholder

Joseph Quackenbush

Managing Attorney

Richard Yan

Managing Attorney

Do you love aircraft? Work with our team of professionals!

Contact Us

Get in Touch
With Us

Get in Touch