Leasing equipment doesn’t require as much cash and can stretch your capital budget. One way to acquire an aircraft for your budgeted expenses is to use a lease. The rental payments are usually treated as an operating expense.

Those considering aircraft ownership should consider the current tax benefits of leasing. Complicated tax measures called a preference tax, such as the Alternative Minimum Tax(AMT) have increased the costs of asset ownership for many companies. Certain tax deductions (such as depreciation) are classified as tax preference items. Lease payments, on the other hand, are not tax preference items and are fully deductible. Simply put, leasing can reduce preference items and reduce your income taxes.

Gold Award 2006-2018

BEST Legal Forms Company

11 Year Winner in all Categories:
Forms, Features, Customer Service
and Ease of Use.

U.S. Legal Forms, Inc. BBB Business Review

Our Customers Believe!

"You have an excellent service and I will be sure to pass the word."

U.S. Legal Forms, Inc. BBB Business Review