GKG Law
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Your goals guide our services. We combine tax planning with liability protection, FAA compliance and entity planning, to ensure that your aircraft acquisition structure is comprehensive, integrated, efficient and compatible with your business objectives.

As experts in nationwide sales, we excel in drafting and negotiating a broad range of documentation. This includes agreements for purchase and sale, financing and leases, management and charter, and other agreements relating to aircraft acquisition, ownership and operating structures.

We regularly advise on sales and use tax laws bearing on taxability of delivery locations and permanent hangaring bases.


Our capabilities include: (Click on link for more information)

Aviation Transaction Structuring

Drafting and negotiating aircraft purchase and sale documentation
as well as fractional governing documents

Assisting in aircraft broker, lender, management/charter company
and insurance selection and negotiations

Creating a coordinated strategy for federal and state taxes,
FAA compliance and liability protection planning

Conducting business valuations and purchase/sale transactions
of aviation industry companies

 

Federal Tax Planning

Providing federal tax advice, maximizing deductions for depreciation
and operating expenses, and converting "passive" activity losses
to "active" characterization

Conducting forward and reverse like-kind exchanges

Serving as Qualified Intermediary and Exchange Accommodation Titleholder

Minimizing or eliminating Federal Excise Tax requirements

 

State Sales and Use Tax Planning

Structuring transactions to minimize or eliminate state sales and use taxes

 

Federal and State Tax Audits

Defending state sales and use tax audits

Defending IRS audits

 

IRS, FAA, DOT Regulatory / Compliance Issues

Developing guidelines on personal use of employer provided aircraft,
and compliance with SIFL requirements

Developing fractional and hybrid shared ownership aircraft programs

Ensuring IRS, FAA, DOT and other related regulatory compliance

 

GKG Law, P.C. • Phone: (202) 342-5251 • Fax: (202) 965-5725 • info@aviationtaxlawyer.com