Do you like sitting up there? On the fence, I mean. Not sure whether you want to buy an aircraft or keep flying charter?
The good news is that the decision to come off the fence just got a whole lot easier with bonus depreciation being reinstated to the full 100%. Now, I’m no nerd (read: CPA, accountant, or even someone that’s good with numbers), but there are a two big things to be mindful of as you search:
– The aircraft must be acquired and placed in service after January 19th, 2025.
– Primary use must be 50+% “business”.
Frankly, while those are both critical to keep in mind, you can also find that information about 1,000 places online at the moment. Some of the downstream effects to keep an eye out for:
– Inventory tightening. As the dust settles on the tax changes and the implications for buyers, existing inventory will likely take a near term hit.
– Price increases on existing inventory. Same aircraft, more value to the buyer now.
As always, before you make any major financial decision you should consult your CPA, tax advisor, attorney, and anyone else you trust.
Now you just have to find an airplane. If only there was someone who could help with that……
Mark
