Rick Perry January 18, 2018 No Comments

The 2017 Tax Reform bill was signed into law on December 22, 2017. Under the previous tax rules, businesses were only allowed a 50% bonus depreciation deduction for new aircraft purchases. Now with the Reform, both factory-new and pre-owned aircraft are now eligible for a 100% bonus depreciation if placed into service after September 27, 2017 and before January 1, 2023 (January 1, 2024 for longer production period aircraft). After 2022, the bonus deprecation becomes 80%, phasing down 20% every year thereafter until 2026 (2027 for longer production period aircraft).

This change can result in huge tax saving for businesses in the coming years. It also makes buying pre-owned aircraft a lucrative alternative to buying new. As new aircraft prices have skyrocketed over the past decade, the Tax Reform gives opportunity for massive savings by simply purchasing older aircraft.

In this environment, it could be expected that pre-owned aircraft values will start rising, making 2018 the best time to acquire new aircraft.

Let SkyQuest International be your resource for your next aircraft purchase. Simply fill out the form below and we will contact you to help you take advantage of this great opportunity!

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