{"id":66467,"date":"2018-03-06T18:15:17","date_gmt":"2018-03-06T18:15:17","guid":{"rendered":"https:\/\/www.stratosjets.com\/blog\/\/"},"modified":"2023-11-23T10:26:47","modified_gmt":"2023-11-23T10:26:47","slug":"trump-tax-cuts-make-buying-private-jet-palatable","status":"publish","type":"post","link":"https:\/\/www.stratosjets.com\/blog\/trump-tax-cuts-make-buying-private-jet-appealing\/","title":{"rendered":"Trump Tax Cuts Make Buying a Private Jet More Appealing"},"content":{"rendered":"<p>President Donald Trump\u2019s recent tax bill\u2014the 2017 Tax Cuts and Jobs Act\u00a0(TCJA)\u2014has been a contentious issue for some Americans, but if you\u2019ve been leaning towards <a href=\"http:\/\/www.stratosjetmanagement.com\">buying a private jet<\/a>, these changes should be welcomed with open arms. As we all know, jet ownership is a major investment, but these new tax regulations are designed to make buying big-ticket items more palatable, as the full amount can be written off on your tax return.<\/p>\n<p>Of course, once you buy a private jet, you\u2019ll need to figure out what to do with it. One of the best options is to work with an aircraft management company with experience to maintain your investment and make it generate revenue. Stratos Jet Management and Consulting is an agency that works on behalf of clients for jet sales, acquisitions and management.<\/p>\n<h2>Bonus Depreciation for New and Used Assets<\/h2>\n<p>Under previous legislation, aircraft owners were permitted to depreciate between 30 and 50 per cent of their assets. The amended act provides for 100 per cent bonus deprecation, allowing aircraft owners the immediate deduction of the cost of aircraft and placed in service after Sept. 27, 2017. This applies to new and pre-owned aircraft, including both commercial and non-commercial.<\/p>\n<p>In order to take full advantage of the depreciation, aviation consumers should consider purchasing an aircraft before Dec. 31, 2022. After that, the Act will initiate an annual phase-down of 20 per cent until the incentive ends in 2027.<\/p>\n<p>In the case of pre-owned aircraft, the Act contains a stipulation that the purchaser cannot have used the aircraft prior to acquisition.<\/p>\n<p>For a more detailed look at this, check out this article by the National Business Aviation Association (NBAA) titled: <a href=\"https:\/\/nbaa.org\/flight-department-administration\/tax-issues\/federal-taxes\/tax-reform-highlights-business-aviation\/\" target=\"_blank\" rel=\"noopener\">New Depreciation Rules Under the 2017 Tax Act<\/a>.<\/p>\n<p><img decoding=\"async\" class=\"wp-image-66469 aligncenter\" src=\"https:\/\/www.stratosjets.com\/wp-content\/uploads\/2018\/03\/buying-a-private-jet-2.jpg\" alt=\"Buying a private jet\" width=\"506\" height=\"337\" \/><\/p>\n<h2>Vast Industry Experience<\/h2>\n<p>Even if you\u2019re familiar with the private aviation industry, it\u2019s always a good idea to have someone in your corner who does this for a living. Whether you\u2019re buying a private jet or selling one, our experienced sales associates can help you in several key areas:<\/p>\n<ul>\n<li>Accurately appraising aircraft value<\/li>\n<li>Maximizing asking price when selling<\/li>\n<li>Identifying potential problems when buying used aircraft<\/li>\n<\/ul>\n<h2>Buying a Used Jet<\/h2>\n<p>Not everyone wants to pay the full ticket price for a brand new private jet. Fortunately, the tax write-offs offered in the Republican\u2019s TCJA tax bill apply to pre-owned jets, as well as new ones.<\/p>\n<p>Given the rigorous maintenance programs that private jets are forced to undergo, <img decoding=\"async\" class=\"wp-image-66470 alignright\" src=\"https:\/\/www.stratosjets.com\/wp-content\/uploads\/2018\/03\/buying-a-private-jet-3.jpg\" alt=\"Buying a private jet\" width=\"418\" height=\"177\" \/>consumers can buy used private jets with confidence. With the expert advice and representation of a private jet consultant, you can identify which makes and models are:<\/p>\n<ul>\n<li>Best suited for your private aviation needs<\/li>\n<li>Easier and less costly to maintain compared to class competitors<\/li>\n<li>Most likely to hold their value and offer a solid return on investment<\/li>\n<\/ul>\n<p>Additionally, by having one of our experienced sales associates represent you throughout the buying or selling process, you\u2019re more likely to get a favorable outcome.<\/p>\n<h2>Part 135 Management Placement Services<\/h2>\n<p>Obviously, one of the main perks of buying a private jet is that you get to enjoy it whenever you want. But what about those times when you\u2019re not using it? Our consultants are connected with the most reputable Part 135 charter operators in the industry. We work on behalf of our clients to place their aircraft into a charter service so that they not only generate income, but also receive proper care and maintenance. Our agents will help ensure you receive:<\/p>\n<ul>\n<li>Fair contract negotiations with operating companies<\/li>\n<li>Maximum productivity of your asset<\/li>\n<li>Ongoing aircraft monitoring reports<\/li>\n<\/ul>\n<h2>Ease into Jet Ownership<\/h2>\n<p>If you\u2019re <a href=\"https:\/\/www.stratosjets.com\/blog\/considering-aircraft-ownership-stratos-jets-explains-the-common-issues-with-buying-a-private-aircraft-for-your-company\/\">considering aircraft ownership<\/a>, just remember that it\u2019s not a decision that you should take lightly. One way to test the waters is to <a href=\"https:\/\/www.stratosjets.com\/charter-a-jet\/\">charter a private jet<\/a> first. That way, you get the experience of luxury air travel, without the financial commitment.<\/p>\n<p><em>If you\u2019re considering buying a private jet, talk to Stratos Jet Management and Consulting. We offer a comprehensive range of aircraft management solutions to help you maximize your asset\u2019s productivity.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>President Donald Trump\u2019s recent tax bill\u2014the 2017 Tax Cuts and Jobs Act\u00a0(TCJA)\u2014has been a contentious issue for some Americans, but if you\u2019ve been leaning towards buying a private jet, these changes should be welcomed with open arms.","protected":false},"author":2,"featured_media":66468,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[1409,917,1,886],"tags":[125,1425,899,1424,1427,1426,190],"acf":[],"_links":{"self":[{"href":"https:\/\/www.stratosjets.com\/wp-json\/wp\/v2\/posts\/66467"}],"collection":[{"href":"https:\/\/www.stratosjets.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.stratosjets.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.stratosjets.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.stratosjets.com\/wp-json\/wp\/v2\/comments?post=66467"}],"version-history":[{"count":1,"href":"https:\/\/www.stratosjets.com\/wp-json\/wp\/v2\/posts\/66467\/revisions"}],"predecessor-version":[{"id":93999,"href":"https:\/\/www.stratosjets.com\/wp-json\/wp\/v2\/posts\/66467\/revisions\/93999"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.stratosjets.com\/wp-json\/wp\/v2\/media\/66468"}],"wp:attachment":[{"href":"https:\/\/www.stratosjets.com\/wp-json\/wp\/v2\/media?parent=66467"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.stratosjets.com\/wp-json\/wp\/v2\/categories?post=66467"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.stratosjets.com\/wp-json\/wp\/v2\/tags?post=66467"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}