How to Qualify
for Bonus Depreciation
On a purchased Aircraft Position.
The emergence of the very light jet market has added a
new vibrancy to the secondary market for trading of aircraft purchase
contracts. These purchase contracts often originate between a purchaser and
a manufacturer with only a conceptual design and flexible specifications.
The time between execution of the purchase agreement and ultimate delivery
is often a matter of four to five years, and they frequently require
material modifications to the underlying contract.
The 2008 Economic Stimulus Act contained a provision providing for 50%
bonus depreciation on new aircraft purchases. This provision extends to all
new aircraft purchases in 2008, as well as certain aircraft contracted for
in 2008, and delivered in 2009. Naturally, there are certain limitations
including a requirement that the contract be entered into in 2008, and that
the aircraft be used more than 50% for qualified business use.
Click Here
to read the entire article.
Louis M. Meiners, Jr.
President
www.advocatetax.com
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Iowa Airports Have $1.1 Billion Economic Impact |
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Continental Likely to Look for Partners |
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Airport Authority Remains at 5 Members |
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Lufthansa to Launch New Non-Stop Service From Frankfurt
to Pune |
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Gig Harbor, Wash., Man Surprised With New Car As Alaska
Airlines' 'West Mostest' Flier |
Apr 22, 07:58 AM
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(UK)
Baa Flying Solo |
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Jet
Sales Stuart excels at buying and selling exceptional corporate aircraft -
ensuring the satisfaction of all our clients. Most of the planes we offer
belong to us – they have to make it by us before we’ll present them to you.
Jet
Sales Stuart has the proven experience and expertise required to navigate
through the innumerable details -
market conditions, history, availability, costs,
maintenance, and much more.
Dennis Martin – the owner -
has been buying, selling, and flying aircraft for over 30 years. His experience
with aircraft is second to none and he applies that experience in every
transaction for every client. Dennis’ expertise and knowledge come from
a lifetime of hard work, intense curiosity, and the passion for perfection.
Dennis knows aircraft like few others, having owned and managed an FAA approved
repair station certified in airframes, avionics, turbo prop, and turbo jet
engines. And as a pilot, Dennis has accumulated over 10,000 flight hours in
both fixed and rotary wing aircraft – type rated in Learjet and Falcon 10.
Dennis holds a degree in Aviation Sciences from Miami, Florida.
Orville Winover has over
47 years of experience in international corporate flight operations and
aviation management. He has over 19,500 flight hours and has long held an ATP
rating as well as type ratings in Falcon 10, Falcon 50, Learjet, Sabreliner, and
GI - GIV aircraft. In Gulfstream aircraft alone, Orville has accumulated over
9,000 hours. Orville’s experience is also distinguished by having served as
director of aviation for numerous Fortune 500 corporations including the
Southland Corporation, Rupert Murdoch’s News Corporation, and the Ritz-Carlton
Hotel company.
The beautiful new offices of
Jet Sales Stuart are located at Witham Field in Stuart, Florida - minutes from
I-95 and fabulous Atlantic Ocean beaches – please stop by.
Click Here to Contact Jet Sales Sturart
David Williams
Sales & Acquisitions
Jet Sales Stuart |
