Ifr Tax Deduction

[bubbleboy]

Does anybody know what percentage a contract pilot can write off an IFR rating? I've heard from 17% to 100%. I was planning on treating it as a professional development expense.

Any advice, thoughts or info appreciated.

BB :blink:

 

[bubbleboy]

Furthermore, does anybody know what an Ifr rating is? I don't how IFR ended up as Ifr - must be the keyboard!

 

[412driver]

it's been a while but i seem to remember writing off 100% of mine.........


always best to check with an accountant, preferably a good one 😛

 

[bubbleboy]

Thanks 412 dude. My beancounter assures me that I can claim 100% as well.
Better off in my jeans than Paul Martin's. Might've been enough to pump a little diesel into one of his boats. 🙄