Private jets and car washes are the latest tax shields for the ultrarich in the US
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A tax break in the One Big Beautiful Bill Act allows people with businesses to fully write off purchases of private jets in the year they buy them.
PHOTO: REUTERS
Business is booming for Mr Dan Hurley, the founder of private jet broker Global Charter.
Across the industry, jet sales are up 11 per cent from a year earlier and 30 per cent from the year before that, according to data collected by Mr Hurley’s company. Now, his team is gearing up for a particularly busy couple months as American buyers race to lock in deals before the end of December.
