We would like to inform you about Shortened depreciation schedule, which will relate to tangible assets included in the second depreciation group, ie aircraft, which is acquired in the period from 1 January 2020 to 31 December 2021 can be depreciated without interruption in 24 months, instead of standard 5 years. For the first 12 months, the taxpayer will be able to claim depreciation of up to 60% of the entry price. The temporary introduction of extraordinary depreciation will also be reflected in financial leasing, and in a given period it will be possible to conclude a leasing contract with a duration of only 1 year or 2 years.
According to the current legislation, you become the owner on the day of registration in the aviation register, from this month it is possible to put the aircraft into property and depreciate it. In this case, this means entry in the aviation register by 31.12.2021.
If you are considering investing in the purchase of a new aircraft or “upgrading” an existing one, after a long time it’s an unique opportunity to combine pleasant with useful and use tax optimization.
There are not only Cirrus aircraft listed on our website https://cirrus.cz/en/for-sale/, plus a fleet of demonstration SR22T and Cirrus Jets in the USA.
information from the Ministry of Finance here: