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 Aircraft Transactions - Tax-Free Like-Kind Exchanges of Aircraft (Part 1) |
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