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
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 Peterson is a knowledgeable and balanced corporate attorney with a wide-range of experience from trademarking to lease and trade negotiations. I had the pleasure of working with Bryn on almost a daily basis when he worked for Tree Top. Because our offices were next door to each other I saw and heard him in action interacting with dozens of people daily on all kinds of issues. In my role as Corporate Communications Director I also worked directly with Bryn and sought his expertise on many occasions related to food safety regulations, consumer concerns, vendor agreements and personal services contracts. Bryn was thorough in his review, thoughtful in his guidance, and diligent about serving the best interest of the company. I am confident Bryn will serve his clients well and deliver outstanding service.
Sharon M.
Over a number of years, I worked directly with Bryn in his capacity as corporate counsel for Growers Express (Green Giant Fresh). Bryn oversaw legal matters for a number of diverse agribusinesses including a large captive insurance company. Bryn is detail oriented and very proactive when it comes to assuring the business interests he represents avoid unnecessary liability and exposure. He was a valued member of the team and worked well in a fast paced, complex environment. I highly recommend Bryn Peterson as a competent and reliable corporate counsel.
Tom R.
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 has been a big asset to me as he is always thorough and has impeccable integrity. Bryn’s knowledge and skills have made it easy to accomplish projects on time and on budget. He always has a great attitude and is a pleasure to work with.
Ray C.
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.