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Old 22nd Jul 2019, 06:22
  #5 (permalink)  
no_one
 
Join Date: Mar 2013
Location: Sydney
Posts: 299
Originally Posted by Squawk7700 View Post
I was told by an airline pilot friend that owner/pilots in the USA, get significant tax breaks for owning their aircraft. Supposedly they only have to attend and display in at least one airshow and in return, they can depreciate their aircraft and claim expenses against it. Iím talking big expenses such as on ex-fighter jets, DC 3ís and the like...

If this is correct, which I would assume it is, Iíd be interested to know if thatís contributing to the boom and if so, how it works.....

I am not an expert but I think that what you are talking about is that historical aircraft available for public display get an exemption for "Use tax" and "Property Tax" that many states over there have. See for instance this description:
https://www.boe.ca.gov/proptaxes/ahs_exemption.htm

It varies from state to state but I dont think that you can claim operating expenses as deductions....
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