The recently passed One Big Beautiful Bill Act (OBBBA) is reshaping the private aviation landscape, creating a powerful opportunity for business owners and aviation investors alike. If you’ve been considering the purchase of a new or pre-owned aircraft, there may be no better time to act.
Under OBBBA, buyers can now take advantage of 100% bonus depreciation, allowing businesses to immediately write off 100% of the purchase price of new or used aircraft, to be written off in the first year of ownership. This significant tax incentive applies to aircraft placed into service on or after January 19, 2025, and used at least 50% for business purposes. Personal-use jets do not qualify, but for many high-net-worth individuals and companies that purchase jets through holding companies or for business operations, this is a game-changer.
Key Benefits of OBBBA for Aircraft Purchases:
Immediate Full Write-Off: Deduct 100% of the aircraft’s purchase price in the first year.
New and Used Eligible: Both new and pre-owned aircraft qualify.
Stronger Business Case: Reduces the effective cost of ownership, improving ROI for aviation assets.
As CNBC recently noted, this tax provision echoes the 2017 tax cuts, which drove a surge in private jet purchases. We expect to see similar momentum in the months ahead.
Aircraft Financing Made Simple
At The Bank of Tampa, our aviation finance experts specialize in structuring tailored solutions for aircraft buyers. Whether you’re acquiring a fixed-winged and rotary aircraft, new or used, we offer:
Customized finance structures
Competitive terms and rates
End-to-end guidance from professionals who understand the intricacies of aircraft transactions
We’re here to help you seize this moment. Smart financing combined with now, unmatched tax benefits, makes it the ideal time to invest in aviation.
Contact Scott Gault at (813) 872-1397 or [email protected] to explore your options.
*The information provided herein is for general informational purposes only and should not be construed as legal, tax or financial advice. Please consult with your tax advisor, legal counsel or financial professional to determine how any potential transaction may impact your individual situation.
Source: Tax cuts for private jet buyers expected to lead to surge in sales, CNBC-Inside Wealth
