Home Uncategorized Thinking Of Buying An Aircraft? — Act Now To Capture Possible Bonus Depreciation Before Year End

Thinking Of Buying An Aircraft? — Act Now To Capture Possible Bonus Depreciation Before Year End

by Big Apple Jet

If considering an aircraft purchase before year end and the process has yet to begin, speak with a tax and legal expert to take advantage of possible Bonus Depreciation allowed by 2017 Tax Cuts and Jobs Act. You may qualify for one 100% depreciation in first year of ownership if you meet qualifications. You must act before year end to take advantage if you qualify. Normal depreciation is Five Year MACRS or Six Year Straight-Line ADS. This relates to whole aircraft ownership or owning a share of an aircraft.

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