With a new generation of larger, more sophisticated corporate jets now being designed and manufactured, you may well want to make the move to a state-of-the-art aircraft. To do so, a trade or like-kind exchange of your current aircraft may be an ideal solution.

The Internal Revenue Code provides that a gain or loss is not recognized when an aircraft held for productive use in trade, business or investment is exchanged for like-kind property. These exchanges are sometimes referred to as tax-free, tax deferred or nontaxable exchanges. There are, however, certain restrictions and statutory requirements that must be met for an exchange to be eligible. In addition, timing is key in meeting the regulatory requirements.

Corporate Fleet Services can guide you through these regulations, helping you seize every tax advantage. Our experience has taught us numerous approaches. For instance, we could buy you aircraft and lease it back to you in a manner consistent with the statutory timing requirements of a like-kind exchange; such an arrangement keeps you from losing the use of your aircraft for any extended period of time.

Our excellent resources and purchasing power let us provide exactly the help you need. Our knowledge of trades and like-kind exchanges makes Corporate Fleet Services the company you can trust to guide you through such complex transactions.