The plus expenses charter standard for motor yachts has a basic price plus additional expenses for fuel food and drink dockage port taxes and other fees.
Yacht charter expenses. Starting prices are shown in a range of currencies for a one-week charter unless otherwise indicated. Fuel usage is typically the largest additional expense that you can expect as part of your APA. According to luxury yacht brokers Northorp and Johnson the average price paid by its customers for a weeks plus expenses charter was around 152000 in 2020 which would mean an APA of around 45600 not a small sum so its definitely something to be aware of.
However on average a week-long private yacht charter costs anywhere from 10000 on luxurious sailing yachts and catamarans and up to 150000 for superyachts. Taxes also called VAT in the EU and elsewhere. These expenses are known as an Advanced Provisioning Allowance APA.
The yachts know what it cost to run the charter in various parts of the world. Thus you cant apply your charter losses against non-charter income and claim an overall tax loss for the year. Explore Yachts and Charter Destinations Here.
A motor yacht is a big investment. Ad Expertly Crewed Motor Yacht Charters. More punishing hobby loss expenses must be deducted as miscellaneous expenses.
Additional costs will include the running expenses for the yacht during the charter including fuel for the yacht generators tenders water toys dockage port fees and all other consumables like food and drinks. Typically these additional costs add 30-35 to the yacht charter. This is usually calculated at 30 of the regular charter rate.
Explore Yachts and Charter Destinations Here. Port agent fees if required. Your preferred charter broker should provide you with yacht specifications brochure and rates for your chosen dates during your charter yacht selection process.