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You are here: Home / YouTube / Youtube income tax / Are there tax benefits associated with business aircraft ownership?

Written by jonl

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.

Filed Under: Youtube income tax

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Advocate Consulting Legal Group, PLLC. 3555 Kraft Rd. Suite 240 Naples, FL 34105 and 1300 N. Westshore Blvd. Suite 220 Tampa, FL 33607. Suzanne Meiners-Levy, Esq. (239) 213-0066. Tax Disclosure. We inform you that any U.S. federal tax advice contained in this communication (including any attachments) is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under federal tax laws, specifically including the Internal Revenue Code, or (ii) promoting, marketing or recommending to another party any transaction or matter addressed herein. Privacy Policy. Terms of Use.