State, federal and international tax matters: Aircraft and yachts

Aircraft and Yacht Tax Matters Attorneys

• Have you purchased a yacht or plane and now wonder how your taxes will be affected?
• Are you selling a yacht and want to avoid any unnecessary taxes?
• Do you need help understanding the complex state laws governing yacht and aircraft taxes?

For over 100 years, Bohonnon Law Firm, LLC has been providing legal services to people in Connecticut and all along the eastern seaboard. With a focus on maritime law, we are confident in our ability to help you deal with difficult tax matters involving your yacht or aircraft.

Do you have a question about state, federal or international yacht tax matters? Call our lawyers toll free at 866-633-5679

State, Federal and International Taxes

Tax matters involving yachts and aircraft can be extremely complex. Several factors must be determined, and aircraft and yacht owners can quickly find themselves paying exorbitant taxes on a state, federal or international basis.

• State tax — Aircraft and yacht tax matters on the state level are determined by a number of criteria. For example, a yacht owner may face additional taxation if he or she spends more than 60 days per year on the yacht. A yacht owner may also be subject to a use tax, another state-based tax. Our attorneys are familiar with tax requirements for nearly every state.
• Federal tax — Federal taxes on yachts and aircraft are more straightforward than state taxes. Many federal tax breaks are currently available to minimize owning and operating costs.
• International tax — We have represented clients from over 15 countries, handling complicated international tax matters involving yachts and aircraft. We also provide services to foreign-flagged vessels seeking to obtain U.S. cruising permits, or with their customs and importing/exporting issues.

We offer services to buyers and sellers of yachts and aircraft. When dealing with aircraft or yacht tax matters, it is important to work with an attorney who thoroughly understands the requirements vessel owners face. Our four-generation law firm is committed to providing diligent legal representation in maritime law.

Contact Us

Do you need legal services involving complicated yacht and aircraft taxes and planning? Contact us online or call us toll-free at 866-633-5679 to schedule an initial consultation with one of our New Haven lawyers.