- Would Aircraft Transaction Mediation Help You?
Aircraft transactions are getting done, but often the deals are much more difficult to sign or close. Sometimes, the parties are just “stuck” on an issue during the pre-purchase inspection, after it, or right before closing. Sometimes one party may be less experienced with what is “customary” or “market” or “industry standard,” or what a [...]
- Flying to or Within the EU? There Still May be Ways to Address VAT.
U.S. registered aircraft operating within the UK or the EU are subject to being assessed a value added tax of up to 26% of the value of the aircraft. This is generally due to the fact that the UK/EU view typical Part 91 operations as “commercial” under their rules. While, in the good ‘ole days, [...]
- Selling Your U.S. Registered Business Jet? Don’t Forget to EXPORT FROM THE UK!
For many years, large U.S. registered aircraft were routinely imported into the UK at a zero rate of VAT for free circulation in the EU. It was a relatively simple process and the cost was minimal compared with the exposure to VAT one had for operating within the EU (around 26%). However, about 2 years [...]
- The 2-Minute Warning and Business Aviation
A friend of mine asked me if I watch professional basketball on TV. My knee-jerk reaction was to joke that I only watch the last 2 or 3 minutes because that’s when the game is exciting and is won. Then it occurred to me that some think that the closing call of a business aviation [...]
- Your Plane Will Punish You…
An article written by Mr. Lapayowker appearing in the JSSI Airways newsletter is available here Airways Article. The article addresses the benefits of a consistent maintenance program and the impact that it has on the aircraft during the re-sale process. It also contains other helpful hints.
- THE FAA AIRCRAFT REGISTRY IS CLOSED, HOW CAN WE CLOSE?
At the last moment today, the FAA announced that the registry would be closed on December 24, 2012. But we had a closing! What do we do? In the last week of the year we often receive calls from clients that have just determined that they need to close on the purchase or sale of [...]
- The Holiday Season is Here — Let’s Be Careful Out There!
December is a popular time to take delivery of new or pre-owned aircraft. Some buyers of new aircraft may also be anticipating bonus depreciation this year. But the holiday season also draws aircraft owners into the trap of using their newly-acquired aircraft for non-business entertainment flights and perhaps for international trips. It is very important [...]
- Plane & Pilot Magazine’s 2012 Top Aviation Attorneys
We are excited to be appearing in the November issue of Plane & Pilot magazine in its section entitled 2012 Top Aviation Attorneys!
- 2012 NBAA Tax, Regulatory and Risk Management Conference
Please join me and other aviation professionals in Orlando on October 28 and 29, 2012 for the NBAA’s Annual Tax, Regulatory and Risk Management Conference. The conference is designed to give business aviation professionals and their advisors an opportunity to learn about federal, state and local regulations and tax changes in an interactive format. [...]