Substantially Lower The Costs Of Boat Ownership

lagoon 40 charterCharter yacht ownership has been used for decades to give boat buyers a way to offset costs while deriving substantial tax benefits. For over 30 years we have helped owners successfully set their boat up as a business and enjoy the benefits of owning a yacht for charter.

Sound too good to be true? It’s the way charter fleets have operated for decades. The tax laws that benefit you are the same as any small business would benefit from, plus more. Our 30 years of expertise helps you set up your yacht charter business in compliance with tax laws and to suit your individual financial and personal goals. Substantially lower the costs of yacht ownership, have more time to boat and spend less time with maintenance tasks.

Join our charter yacht placement monthly webinar, The Savvy Buyer’s Guide To Charter Yacht Ownership, and learn about all the tax benefits and the steps necessary to set up  a successful charter business. You’ll leave the webinar knowing your next steps and be equipped with all the information you need to succeed.  Placement opportunities are available in our local skippered charter fleet, local sailing schools and international fleets with vacation benefits and a variety of income programs to choose from.

4 Main Reasons People Choose Charter Yacht Ownership

1. TAX BENEFITS: By setting your boat up as a business, you take advantage of the many tax saving strategies that any other business does. By placing equipment into operation, you can use the Section 179 Deduction, which allows a business to deduct the full purchase price of equipment up to $1,000,000.  The equipment must be placed into service in the same tax year that the deduction is taken. Additionally, all expenses of ownership, berthing, maintenance, insurance, property tax, and more, become business expenses. The boat can also be depreciated over 10 years.

2. YOUR BOAT MAKES MONEY WHEN YOU’RE NOT USING IT: Private ownership is something every boater dreams of and adding on the benefit of having the boat make money when you’re not able to use it is a great benefit of charter yacht ownership.  Charter revenue and tax savings combine to give you a substantial offset to ownership costs, covering your expenses and making ownership much more affordable. And, you’re in charge of when your boat is in service.

3. PROFESSIONAL MAINTENANCE:  A boat in charter use receives regular maintenance, both cosmetically and mechanically, to keep it ready to go and looking good. You can have maintenance scheduled and performed for you or you can manage this yourself. Regular maintenance extends the life of the boat and all its onboard equipment, keeps operations safe, and preserves the boat’s resale value.

4. TURN-KEY USE: Boats in charter programs have to be ready to go out at any time. After every use, the boat is inspected, maintenance and repairs made, and it’s ready for use again. The benefit to you is that when you’re ready to boat, your boat is ready for you – just step aboard and go.

How Does Charter Yacht Ownership Work?

lagoon 40 charter Setting up a yacht as a business is structured like any other for profit business and enjoys the same tax benefits. To take advantage of the tax benefits the business is operated as an active participation business. You can manage your own rental program or place the yacht in a charter company to be managed.

There are simple tax rules and operating requirements that need to be complied with in order to meet the standard of actively operating your charter business that allow you to take full tax advantages.

The benefits are great when you operate your yacht as a business. You can deduct all the costs of ownership including berthing, maintenance, loan interest, insurance and all related expenses. When a business buys new equipment, the purchase price can be depreciated using the MACRS schedule which is an accelerated depreciation schedule. You can also take advantage of the Section 179 deduction in the year of purchase which gives you even more write-offs for greater savings.

There are lots of misconceptions about the requirements to operate a charter yacht business.You will find clarification at our Savvy Buyer’s Guide to Charter Yacht Ownership Webinar.  Setting up your business is easy, and we have a detailed checklist to help you get started and make sure you’re doing all the things necessary to have a successful experience of ownership, operation and management.

The Section 179 Business Tax Deduction

In addition to the MACRS schedule, you can take advantage of the Section 179 deduction. The Section 179 of the IRS tax code allows businesses to have additional depreciation.

The Section 179 increased to $1,000,000 in 2018 and beyond with the passage and signing into law of  The Tax Cuts and Jobs Act. This allows you to take up to the purchase price of the yacht, up to $1,000,000. but can only be taken in the year of purchase.

There is also a special depreciation allowance that allows you to recover part of the cost of qualified property placed in service.  The allowance, like the Section 179 applies only for the first year the property is placed in service. The allowance is an additional deduction after any section 179 deduction and before any regular depreciation under MACRS is calculated.

For more detailed information about the Section 179 visit Section 179

Learn how to successfully operate your boat as a business and make boating part of your lifestyle now.

Is Charter Yacht Ownership Right For You?

If you want to own a yacht and can benefit from large tax deductions, you’re a good candidate. If you’re looking for a way to offset the cost of ownership and are comfortable with trained people using your boat, this is an excellent choice.

If long range cruising is in your plans, placement in one of our international charter bases is a viable consideration for getting your long term plans in place now at lower costs and many other personal benefits that include usage of yachts around the world, vacation programs and substantial income generating programs.

We’ve helped many people successfully operate their boats as a business and have a boating lifestyle of their dreams. We’re the local leaders in this field with years of experience and many success stories. The programs we offer are the safest financially and give you the best revenue options either locally or internationally.

With us, you have choice in placement areas – either local or international. We help you place your yacht in schools, bareboat charter fleets, our skippered charter fleet or a charter fleet in 7 different countries or localities on the world.

Our Programs and Expertise

Our programs are specifically designed for the private yacht owner who is looking for an exclusive and attentive experience. Our professional tax advisor can help you with an initial consult to see if this makes financial sense and can even work with your personal accountant to get them up to speed on this type of business operation.

Our goal is to help you successfully set up your boat business, meet your ownership goals, and be part of a fleet that fits your lifestyle and financial goals.

We are now partnered with one of the most exclusive lifestyle charter companies in the world.  We have income programs and yacht ownership programs to fit any interest or goal for international placements.  If you’ve dreamed of yacht ownership and having a boat in either a local fleet on San Francisco Bay or exotic locations like the BVI’s, Croatia, Greece, Italy or even Thailand, we have a program for you.



Attend one of our monthly The Savvy Buyer’s Guide Webinar seminars or webinar and learn about charter yacht ownership benefits, or call for a private consultation. Our webinars are on the first Wednesday of every month from 7pm to 8pm.