PPRuNe Forums - View Single Post - Purchasing and operating an aircraft under a company
Old 25th Jun 2012, 10:36
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Frank Arouet
 
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Concurring with Clinton and the disclaimers, may I suggest you investigate your self run superannuation entity, (if you can manage one in the legal sense), buying an aircraft for your business use. I know this can be done, but I'm unsure how the sums worked out. Probably poorly, but if you make a loss, it is your own superannuation loss, not the company. Fund managers do this on a daily basis and I'm yet to see one go to Accountants pergatory.

As mentioned earlier, don't contemplate anything unless you can guarantee 200/300 hours pa. or the only option is a car drive in the GAFA to do your trade.

Oh! and don't forget about # 206. There may be implications for the unwary.

Last edited by Frank Arouet; 25th Jun 2012 at 10:37.
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