Heather Gordon is Legal Director at Martyn Fiddler Aviation. Heather joined the team in 2013 having previously practiced within a leading Isle of Man law ...Contact Heather Gordon
Martyn Fiddler Unveils the MF Deal Centre for Faster Business Aviation Transactions
The new MF Deal Centre facilitates business aircraft transactions by combining a tax suspended business airport location with an indemnified tax opinion at a fixed price and guaranteed turnaround times.
April 26th Douglas, Isle of Man: Martyn Fiddler will launch the MF Deal Centre at EBACE 2023 to provide business aviation buyers, sellers and brokers with a low-risk environment for faster business aircraft transactions. The MF Deal Centre will provide a single, one stop tax secure solution to inspect, buy and sell aircraft. The first MF Deal Centre will be located at London Biggin Hill Airport - one of the UK’s preeminent business airports. Aircraft owners and transaction specialists will have all maintenance and ancillary facilities on hand to enable the sales process to be hassle free.
Buyers and sellers of business aircraft need their aircraft covered by the correct tax and customs regime to de-risk any tax exposure on a transaction. Each party wants indemnified tax advice they can rely upon to ensure full mitigation of the tax risks associated with aircraft transactions in Europe. In addition, buyers and sellers of business aircraft require quick, guaranteed timescales for their transactions to allow for inspections, maintenance and checks of the aircraft before completion.
The MF Deal Centre combines a dedicated customs warehouse facility with indemnified tax advice for both buyer and seller for a fixed price and guaranteed 72 hour turnaround time. With the first Deal Centre located at London Biggin Hill, European aircraft can be exported into the customs warehouse to perform pre-inspections, check flights, re-registration and completion of the transaction before going to the new owner.
The MF Deal Centre provides a tax suspended and risk-free location for all transaction parties to work on the aircraft sale for one single cost. Once the sale has been completed, the aircraft can depart to a non-UK location with all tax risks fully discharged.
Phill Rawlins, Customs & Technical director at Martyn Fiddler said:
“Martyn Fiddlers’ aim is to make simplicity as standard in the complex world of aircraft tax and customs. We have listened to our industry partners: they want a tax safe and de-risked environment in which to hold aircraft, while the finer details of the sale are being negotiated. The MF Deal Centre provides this certainty and peace of mind for all parties involved. MF just need the details of the proposed transaction – then we handle everything else.”
Sean O’Leary, sales director of Jetcraft UK comments:
“Jetcraft have used the services of Martyn Fiddler Aviation for 5 years. This new service will be invaluable as it brings together a combination of excellent products into one fixed package. MFA’s service has always been top of class and now it is going to be even easier to close transactions while having the peace of mind in respect of tax and customs compliance.”
Buyers, sellers and brokers of business aviation aircraft can get access to the dedicated MF Deal Centre by contacting Martyn Fiddler with details of the proposed transaction. The Deal Centre team will take clients step by step through the information required to get everything started.
Join our webinar!
Join our webinar at 11:00-11:30am (BST) on Thursday 4th May to answer all your questions regarding the Deal Centre.
Book an exclusive one to one meeting during EBACE!
Martyn Fiddler will have dedicated meeting slots on 24 May 2023 at EBACE* to discuss the MF Deal Centre with Phill Rawlins and Angie Deady-Fiddler. *Spaces are limited and must be booked in advance to guarantee a meeting and your access to the MF Deal Centre.
To attend our website or book a slot at EBACE please email email@example.com
Further reading: The MF Deal Centre FAQ's
The information included in this article is considered true and correct at the date of publication; changes to rules and regulation made after the time of publication may impact on the accuracy of the information referenced or inferred to in this article. The information in the article may change without notice and Martyn Fiddler Aviation is in no way liable for the accuracy of any information printed or stored or in any way interpreted and used by the user. This article or the information contained in it is not provided or intended to be used as advice of any form.
If you have any doubts or would like to discuss any aspect of this article, please do not hesitate to contact one of our experts who will be happy to discuss your individual circumstance.