Aircraft Ownership Legal and Tax Guide: understandable advice for owners

Aircraft Ownership
Legal and Tax Guide

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Aircraft Ownership Legal and Tax Guide is a complete "plain english" guide to the legal and tax issues facing aircraft owners. This product includes a cd-rom with downloadable forms, agreements, and checklists.


From the Back Cover:
Here's everything a plane owner needs to make sense of all the confusing legal and tax issues surrounding aircraft ownership. Written by an experienced lawyer-pilot who is also a certified public accountant and MBA professor, this book uses lay person language to provide detailed "how-to" solutions and thorough explanations of issues involving:

  • * buying and selling aircraft
  • * aircraft registration
  • * storing and maintaining aircraft
  • * liability and insurance
  • * multiple ownership arrangements
  • * taxes
  • * aircraft leasing

Readers will find insightful coverage of issues that directly impact their ownership rights and responsibilities and will have an immediate bearing on compliance, expense, safety, and profitability. You'll find IRS and FAA rules simplified, legal tips for leasing your aircraft, advice on how to protect yourself when buying or selling, insurance advice, hangar leasing, state and local taxes tips, and more.

Packed with flow charts, diagrams, and legal case briefs, and a complete CD-ROM containing customizable forms, agreements, and checklists, this book belongs on the shelf of every pilot, plane owner, and flight department manager.

eBook File Description:

File Type:
secure pdf ebook
File Size:
yes, 30 pages only
not allowed
Offline Access:
System Reqs:
Windows, Macintosh, iPad, and more
User License:
Yes. See below

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  • Buying or Selling an Aircraft
    • entity choices for aircraft ownership
  • Recording and Registration
    • recording aircraft ownership and liens
    • aircraft registration
    • aircraft registration for non-US citizens
  • Aircraft Storage and Maintenance
    • hangar and tie down agreements
    • legal basics of aircraft maintenance
    • airworthiness
  • Liability Issues for Aircraft Owners
    • insurance
    • liability release
    • liability for federal and state laws
  • Aircraft Cost Sharing
    • aircraft leasing
    • multiple ownership arrangements
  • Tax Issues for Aircraft Owners
    • aircraft related business expenses
    • nontaxable exchanges
    • tax implications of aircraft leasing
    • state and local taxes

Raymond C. Speciale is a lawyer and certified public accountant in Frederick, Maryland. He has provided legal counsel to hundreds of aircraft owners and pilots since he began his work as an aviation attorney over 15 years ago.

Mr. Speciale is an active pilot and flight instructor (CFII). He has written several booklets and articles for the Aircraft Owners and Pilots Association (AOPA) related to aircraft ownership and taxation issues.

He teaches courses in law and accounting at Mount Saint Mary's College in Emmitsburg, Maryland, where he serves on the full-time faculty as an assistant professor. He has been associated with the Law Offices of Yodice Associates (AOPA Counsel) since 1988. Mr. Speciale is an AOPA Legal Services Plan panel attorney.


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