As with any business asset the cost of maintaining
an older aircraft may necessitate it being replaced with a newer
model. Also, business demands may require your company to replace
a relatively new aircraft with a larger or longer range aircraft.
In most instances a “recapture” tax liability is generated
whenever a depreciated aircraft is sold and, unlike other types
of personal property assets, many types of aircraft also appreciate
in value, which increases the client’s taxable gain upon sale.
The complexity of aircraft exchanges and the numerous special circumstances
that may occur in this type of exchange requires a Qualified Intermediary
with substantial expertise and experience. In addition, due to the
often overriding business considerations in aircraft exchanges the
vast majority are structured as reverse exchanges, which require
that IPX1031® hold title to either the new or old aircraft pending
the completion of the exchange. As the national leader in reverse
exchanges you can depend on IPX1031® to provide the necessary proficiency
in aircraft exchange issues essential for a properly structured
and executed exchange.
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