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Unless you spend at least 150 hours a year flying, a private jet rental is probably a better option than buying — that way, you avoid many of the yearly maintenance fees private jets cost you.
The tax law allows for taxpayers to immediately deduct the cost of an aircraft purchased and put in service after Sept. 27, 2017, and before Jan. 1, 2027. But this is a tax law tailored to benefit ...
Cost – Private jet travel is very expensive, and the fractional model can be the costliest option (when compared to memberships, charters, etc.). The plans are also complex, with multiple layers of cost that make it nearly impossible to calculate a realistic fully loaded bottom-line per-flight cost.
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Fractional ownership is a method in which several unrelated parties can share in, and mitigate the risk of, ownership of a high-value tangible asset, usually a jet, yacht or piece of resort real estate. It can be done for strictly monetary reasons, but typically there is some amount of personal access involved.
The organization supported tax rules in the 2017 Tax Cuts and Jobs Act for deduction of business aircraft costs in the first year (also known as "immediate expensing"). [9] In 2024, the NBAA opposed an Internal Revenue Service crackdown on tax write-offs for private jet travel. [10] CEO Ed Bolen at EBACE 2018
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