Latest / The High Net Worth Podcast with Fexingo: Wealth Management, Tax Strategy, and Affluent Finance
How Ultra-Wealthy Families Use Aircraft Depreciation to Cut Taxes
Episode 101 of The High Net Worth Podcast dives into a little-known tax strategy that ultra-wealthy families use to save millions: accelerated depreciation on private aircraft. Lucas and Luna break down how a $40 million Gulfstream G650 can generate $8 million in tax deductions in the first year under bonus depreciation — before the plane even flies a paying passenger. They explain the 'business-use percentage' test that makes or breaks the deal, the rules around entertainment flights, and why the IRS is paying close attention to fractional ownership arrangements. The hosts also…
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