Tax
Tax Issue
Strategic Tax Counsel
for Aviation
Navigating complex tax matters with industry-specific knowledge and practical legal guidance.
Aircraft ownership, acquisition, and operation can involve complex federal, state, sales, and use tax considerations. Our attorneys provide strategic tax counsel throughout the lifecycle of an aircraft transaction, helping clients understand their obligations, structure transactions effectively, and minimize unnecessary tax exposure. We advise aircraft owners, buyers, sellers, operators, and other aviation businesses on tax planning and compliance, including sales and use tax matters and available tax mitigation strategies. When tax disputes arise, we also represent clients in examinations, audits, and proceedings involving state taxing authorities. With a deep understanding of the aviation industry and the legal and financial considerations surrounding aircraft transactions, we work closely with clients to develop practical, cost-effective strategies tailored to their specific circumstances.
Tax planning for aircraft ownership, acquisition, use, and operation.
With the expenditures associated with the purchase and operation of an aircraft, it is important to plan its acquisition and operation to maximize U.S. federal tax benefits. We are experienced in the unique tax planning considerations associated with aircraft ownership.
Sales and Use Tax
Strategic guidance for navigating complex state tax issues in aircraft ownership and operations.
State tax considerations in aircraft matters can be a minefield for the unwary. The location where an aircraft is based, where the closing occurs, and how the aircraft is operated for business or commercial purposes can all contribute to tax exposure. Every circumstance is unique and requires proper planning and professional representation.
Expert guidance on aircraft sales tax, use tax, and closing strategies.
Aircraft closings are subject to sales tax in many jurisdictions. Sales tax may be mitigated by closing in a tax-friendly jurisdiction, yet use tax will generally apply. We coordinate with primary tax advisors and tax preparers to support the best possible outcome at closing and throughout aircraft ownership.