Latest / The High Net Worth Podcast with Fexingo: Wealth Management, Tax Strategy, and Affluent Finance
How Wealthy Families Use Aircraft Depreciation for Tax Savings
In this episode of The High Net Worth Podcast, Lucas and Luna explore how ultra-wealthy families leverage aircraft depreciation under the Modified Accelerated Cost Recovery System (MACRS) to generate massive tax write-offs. Using a real-world example of a Gulfstream G650 purchased for $65 million, they break down how bonus depreciation and Section 179 deductions can shield millions in income from other sources. They also discuss the IRS 'business use' requirements, the risk of audits, and why fractional ownership through a company like NetJets doesn't qualify for the same…
The skinny
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