{"id":2615,"date":"2019-01-14T15:27:26","date_gmt":"2019-01-14T15:27:26","guid":{"rendered":"http:\/\/true-course.com\/site\/?p=2615"},"modified":"2019-01-14T15:27:26","modified_gmt":"2019-01-14T15:27:26","slug":"new-tax-implications-for-aircraft-owners","status":"publish","type":"post","link":"https:\/\/true-course.com\/web\/2019\/01\/14\/new-tax-implications-for-aircraft-owners\/","title":{"rendered":"New Tax Implications for Aircraft Owners"},"content":{"rendered":"\n<p>With the new tax reform there are significant implications for aircraft owners. Here are some of the highlights:<\/p>\n\n\n\n<p>\u2013 A significant change involves Section 1031 exchanges, they are no longer applicable for aircraft transactions.<\/p>\n\n\n\n<p>\u2013 A significant advantage is that aircraft can now be depreciated 100% during the first year of purchase. The law be phased out over 4 years beginning five years from now: 2023 \u2013 80%, 2024 \u2013 60%, 2025 \u2013 40%, 2026 \u2013 20%.<\/p>\n\n\n\n<p>\u2013 The&nbsp;Bill disallows all entertainment expenditures, this could have a profound effect on aircraft owners.<\/p>\n\n\n\n<p>We are hopeful that tax reform will serve its intended purpose to supercharge economic growth and that this will in turn result in aerospace industry growth.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>With the new tax reform there are significant implications for aircraft owners. Here are some of the highlights: \u2013 A significant change involves Section 1031 exchanges, they are no longer applicable for aircraft transactions. \u2013 A significant advantage is that aircraft can now be depreciated 100% during the first year [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2181,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-2615","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog"],"_links":{"self":[{"href":"https:\/\/true-course.com\/web\/wp-json\/wp\/v2\/posts\/2615","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/true-course.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/true-course.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/true-course.com\/web\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/true-course.com\/web\/wp-json\/wp\/v2\/comments?post=2615"}],"version-history":[{"count":0,"href":"https:\/\/true-course.com\/web\/wp-json\/wp\/v2\/posts\/2615\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/true-course.com\/web\/wp-json\/wp\/v2\/media\/2181"}],"wp:attachment":[{"href":"https:\/\/true-course.com\/web\/wp-json\/wp\/v2\/media?parent=2615"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/true-course.com\/web\/wp-json\/wp\/v2\/categories?post=2615"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/true-course.com\/web\/wp-json\/wp\/v2\/tags?post=2615"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}