A sensible alternative is yacht co-ownership.

Yacht ownership as a business. The MRX is a very economical way to own a boat particularly for owners who do not have the time to manage and maintain a yacht. Advantage Ownership Program The Moorings Advantage Program is designed for individuals that want to operate a yacht as a business. These programs include pre-approved financing guaranteed monthly payments or performance based income.

You can deduct all the costs of ownership including berthing maintenance loan interest insurance and all related expenses. With this program you can own a. Sharing the yacht with others and thereby reducing the purchase and maintenance costs of the yacht.

Placing a yacht into charter management is a good way to reduce the cost of the boat and also offset the cost of ownership. When a business buys new equipment the purchase price can be depreciated using the MACRS schedule which is an accelerated depreciation schedule. Utlimately in our opinion the answer is YES Yacht Chartering can still be a profitable line of business to be in.

Running the yacht as a business can provide the Owner of the yacht some significant tax benefits. We urge potential buyers to seek the advice of qualified tax advisors in setting up and operating a yacht as a business. The Moorings Advantage Program is designed for active participation by the Owner to run their yacht as a business.

There are different types of Management programs offered by the industry that I will analyze and explain to ensure that you have a good understanding of what you will be getting into if you decide to place a yacht into. SmartYacht brings together suitable shareholders - depending on the type of yacht desired location and personal use requirements. This business yacht ownership program is designed for flexibility to enable the owner to choose various yacht models and layouts including owner suite in some cases upgraded equipment multiple worldwide locations and flexible owner use.

Business yacht owners can benefit from substantial tax benefits that quickly create equity in their new yachts. Captains cost roughly 1000 per year per foot of boat which adds up to 110000 for a 100-foot yacht. Great food great drinks and overall fun in the sun.