Aircraft Transactions - Tax-Free Like-Kind Exchanges of Aircraft (Part 1)
April 1, 2013
By:
World Aircraft Sales Magazine
U.S. Tax Code allows for the disposal of an asset, such as a business aircraft, and the acquisition of its replacement without generating a current tax liability associated with capital gains from selling the first asset. Attorney Chris Younger summarizes the procedures as they apply in practice to Business Aviation.
For More Information, Contact:
Chris Younger
Partner
202-342-5295
cyounger@gkglaw.com
Aircraft Transactions - Tax-Free Like-Kind Exchanges of Aircraft (Part 1)