Diamond made a promise to make flying more accessible to more people. This year, special tax incentives make it easier than ever to deliver on this promise. US legislation this year only offers an extraordinary opportunity for tax savings on aircraft used for business travel, with tax-write-off opportunities of as much as $300,000 on qualifying purchases of new DA40 XLS aircraft.
The 2008 economic stimulus law provides both 50% bonus depreciation - which is available only on new aircraft purchases, not on used aircraft - and an expanded maximum $250,000 expensing election for taxpayers who invest less than $1,050,000 in new or used capital assets.*
By taking delivery of your new DA40 XLS by September 30th, you may be able to write off over $300,000 of the purchase price in the first year. This is an almost $60,000 higher first-year tax opportunity, compared to buying a used DA40 of a similar value after September 30th: it pays to buy new, and to act now.*
So what are you waiting for? Even without any tax incentives, the DA40 XLS is the best value in the industry - here's why:
Act now - maximum savings require delivery by September 30, 2008.
* Based on general application of provisions of the Recovery Rebates and Economic Stimulus for the American People Act 2008. Application to specific circumstances may vary. Consult your tax advisor for more information.
Contact your local Diamond Regional Distribution Center today to learn more about this extraordinary opportunity. Click here.
For more information about the 2008 tax deduction, please click here.
To learn more about tax treatment of aircraft purchases, please click here.