Washington’s 8% luxury surcharge on vehicles and aircraft priced above $100,000 is catching business owners off guard in 2026. The tax applies only to the amount over the threshold, but total tax burdens on high-value purchases can exceed $80,000 on a $500,000 asset. Business titling alone doesn’t eliminate exposure – Washington focuses on actual use, not just ownership structure. Legitimate planning tools exist, including lease structures, trade-in credits, and commercial aviation exemptions, but they require pre-purchase analysis and proper documentation. The most common trap is assuming a business entity on the title settles the matter, only to face audit exposure later. For Bellevue-area business owners considering major asset acquisitions, getting the structure right before closing is far less costly than correcting it afterward.
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Testimonials
Personable and professional at all times, under all circumstances. Demonstrates a “bias for action, clarity, and consistency” through utilization of excellent collaboration and listening skills.
Joe B.
Bryn is an extremely attentive business-focused attorney driven to “get the deal done”. Always willing to share experiences, advice and observations from a legal perspective, Bryn makes extraordinary efforts to understand the business side of issues and the potential opportunities therein.
Woody J.
I had the pleasure and privilege to work with Bryn Peterson for over two years at Tree Top, Inc. During that time, I worked with Bryn on several company issues and always found his work to be professional and well done. Bryn demonstrated his legal experience and knowledge on many levels throughout the organization, and always had the best interests of the company in mind.
Scott T.
Bryn helped with a few members who were in dealing with legal situations. I was very pleased with his ability to listen and understand their situations and to provide a well thought out conclusion that was fact based. Each situation meet the demands and needs of our members.
Monty S.
Bryn was detailed and thorough in reviewing agreements. Bryn was responsive and communicated well the major points I need to be aware of before signing an agreement. Bryn was personable and was knowledgeable in his area of study.
William C.
Bryn was very helpful in reviewing our company’s transportation contracts and recommended several changes that have come to be very beneficial.
Lonnie R.