Since 2017, many have taken advantage of a “bonus depreciation” afforded by the 2017 Tax Cuts and Jobs Act.
The ability to deduct 100% of your aircraft purchase ends January 1, 2023. In other words, if you complete an aircraft purchase before this date, you can take advantage of the maximum deduction.
Jetlaw has focused exclusively on aviation for over 25 years. Our attorneys and industry advisors are here to manage and organize your jet transactions as well as provide day to day advice for your day-to-day operations.
Jetlaw, founded by Kent Jackson in 1993, shortly after the publication of his first volume of “FARs Explained,” has built a practice of legal experts with an international reputation for providing in-depth, practical legal counsel on all matters relation to the business aviation industry.
Our attorneys and industry advisors have real-world aviation experience, including managing charter operations, holding active pilot and repairman certificates, working for the FAA and aircraft manufacturers, and bringing in-depth experience in complex corporate transactions.