BASYCS BREAKFAST SEMINAR – 14 March 2017
BUSINESS AVIATION 2017: TAX CONSIDERATIONS – PRESENTATION BY ZEDRA TRUST COMPANY
On Tuesday 14 March 2017, BASYCS hosted the first in its 2017 breakfast seminar series with a presentation by ZEDRA Trust Company, specialists in Trust, Corporate and Fund Services, titled « Business Aviation 2017: The challenges with current and future tax structures ».
The presentation was given by Andrew Wilson, Head of Aviation and Marine at ZEDRA and explored the challenges that HNWIs and their advisors face when acquiring and operating corporate jets. More specifically, the event highlighted certain of the key considerations; namely corporate structure, aircraft usage, aircraft management structure and perhaps most importantly, tax. Similar to the superyacht sector, taxation on corporate jets can vary significantly depending on whether the aircraft is registered for private or charter use. Additionally, the nationality of the UBO as well as the place of incorporation of any corporate vehicle holding the jet are important factors to be considering in any ownership structure.
BASYCS is most grateful to ZEDRA for this informative presentation which was very well received. We look forward to welcoming our members to our next Geneva Breakfast Seminar, in May 2017 on the subject of Superyacht Insurance and which will include a case study on an actual yacht Total Loss scenario.
Event article in Yacht Investor Magazine – Spring 2017: