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When it comes to the new 2018 tax plan and how it effects aviation, the things you need to know are:

100% bonus depreciation on new and used aircraft –  we have never seen that before, where we have 100% bonus depreciation available on used aircraft. That’s writing off 100% of an aircraft’s purchase price in the first year, as long as the aircraft is used in business.

1031 Like Kind Exchanges have gone away  – call us today and we can tell you more about how bonus depreciation will actually offset the savings that would have been present by the like kind exchange.

We’re also seeing a reduction in corporate tax rates and most individuals and LLCs will see their tax rate reduced as well.

This is going to be a huge year for aviation. People who have never purchased an aircraft before are going to be considering purchasing one just for the tax benefits. Don’t hesitate to call us if you have any questions. If you are considering buying an aircraft in 2018, you need to start as soon as possible. We’re going to see inventory levels drop, we’re going to see selection at all time lows, and we’re going to see prices increase. So, if you are thinking about buying an aircraft in 2018 and taking advantage of 100% bonus depreciation, the time to start is now.

We’ll work with your CFO, your CPA, and your tax adviser, to make sure that you maximize the benefits of the new tax plan and 2018’s 100% bonus depreciation.