Personal Use of Corporate Assets: Benefit-in-Kind for Aircraft, Yachts and Property
How personal use of a corporate jet, yacht or villa is taxed: US SIFL, the UK 20% rule, French valeur réelle, Spain's TEAC criterion and Russian art. 211.
Special purpose vehicles
Private Aircraft Tax: Bonus Depreciation, VAT and Personal Use
100% bonus depreciation after OBBBA, the §280F, §274 and §469 tests, 2026 SIFL rates, EU input VAT recovery and the capital goods scheme, benefit in kind across four jurisdictions.
Yacht Ownership: Flag, VAT, Charter and Crew
Flag map from the Red Ensign Group to Malta, charter rules country by country, VAT and temporary admission, crew and MLC, radio and MMSI, 2025–2026 trends and Q/A.
Private Aircraft: Registration, Ownership, VAT and Operations
Map of private aircraft registries from M- to N-trust, temporary admission and EU import points, Cape Town and IDERA, economics by class, 2025–2026 regulatory trends and Q/A.
Private Investor Infrastructure: A Map of Platforms for Family Offices
A map of private investor infrastructure: private equity (Moonfare, iCapital), pre-IPO secondaries (Hiive, Forge, NPM), SPV and cap table (Carta, AngelList, Sydecar) and crypto custody.
Ireland Section 110 SPVs and ICAVs: Taxation and US Investors
How an Irish Section 110 SPV zeroes its tax base through profit-participating notes, why the ICAV can check-the-box and kill PFIC, and where ATAD and anti-hybrid bite.
Feeder fund: access to a fund through an intermediate structure
Master-feeder and feeder platforms: how the intermediate structure works, two tiers of fees, tax transparency, and risks.
Sydecar: Turnkey SPV with Fixed Pricing and No Carry
Fixed-price SPV with no carry: standardized documents, fast club deal launch, format limitations. Alternative to AngelList for deal leads who want to keep upside.
AngelList: How a Family Office Runs "Club" Deals
How family offices use AngelList to run syndicates: deal-by-deal SPVs, fund administration, banking, and platform fees. Infrastructure for direct venture investing.
Carta: Cap Table Management, Fund Administration, and a Data Privacy Lesson
How Carta became the industry standard for cap table management and fund administration, and why it exited secondary trading after a 2024 data scandal.
Delaware LP for Funds: GP/LP, Carry, and Blocker Structures
Fund structured as Delaware limited partnership: GP and LP roles, pass-through taxation and Schedule K-1, carried interest and §1061 rule, blocker corporations for foreign and tax-exempt investors.
Malta: Cell Companies and the MFSA Licensing Hub
Cell company is a Maltese corporate structure where multiple segregated cells operate under one license and capital. PCC and ICC models for insurance, funds, and payments.
US Foreign Entity Forms: 8865, 8858 and 926
A practical map for U.S. persons reporting foreign partnerships, disregarded entities, branches and transfers to foreign corporations on Forms 8865, 8858 and 926.
SPV: a special purpose vehicle for venture investments
How a special purpose vehicle isolates risk from assets in venture deals: a separate legal entity with a limited mandate — structure, mechanics, and why investors use it.