VAT & Taxes
The Surprising Benefit Brexit has on EU VAT
A top concern when buying an aircraft is mitigating the effects of VAT. A potential 20% tax on an asset the price of a jet is consequential and a vital part of a transaction to work out. An unexpected...Read More
The First-Time Buyer’s Guide to Buying a Jet
Buying a jet is a momentous and important step in a person’s life. There are many factors to consider before you sign the contract to buy your jet. Private Jet ownership is its own unique sector and having a...Read More
Understanding the Steps of a Transaction
A successful aircraft transaction can be a complicated process with many steps and decisions that must be made. Signing a contract is only the tip of the iceberg. An aircraft itself is a complicated piece of machinery with a...Read More
Why Letting the Pack Pass You May Be Your Most Beneficial Move Yet
As the Pre-owned private jet market continues its hive of activity in 2018, there is a race for people in the USA to take advantage of the new tax benefits that Trump enacted when he took office. In order...Read More
Is a Tax Opinion Necessary?
When aircraft are being bought and sold across global jurisdictions, the topic of tax advice always comes up. A formal tax opinion is legal advice of how your sale will affect taxes either with the location of the aircraft...Read More
Should I Hire a Management Company
First of all, let’s discuss what a management company (also called an Aircraft Operator) actually is. Simply put, it is a service company that manages the operation of your aircraft. This includes the actual flying part as well as...Read More
Should I Get a Tax Opinion on my Aircraft Transaction
VAT is an ever changing landscape and the rules and exemptions change frequently. VAT is around 20% throughout Europe, equalling a substantial amount of money when imposed on a multi-million dollar aircraft. As a result, it is worth at...Read More
Where to Register Your Aircraft
The global aviation industry has seen an increase in the number of potential registers on which to put your aircraft. There are newcomers such as Guernsey, Jersey and San Marino; popular and relatively new registers such as the Isle...Read More
Why You Are Being Asked to Provide KYC Documents
In this post-financial crisis environment, financial institutions have become stricter regarding financial transparency by requiring KYC documents for persons they are conducting business with. KYC stands for Know Your Customer. It is basically a vetting process conducted by a...Read More
Whose Problem is VAT?
The topic of VAT (Value Added Tax) is always a difficult one, particularly when an aircraft transaction is occurring between two European parties. Given the enormous financial burden VAT places on all parties, this is one of the single...Read More