Would you like to own a new yacht?
Would you like to pay for it with charter income & tax savings?
Would you like to dramatically reduce your income tax bill?
If you answered “YES!” to all three questions, keep reading.

We work with several charter organizations throughout Southern California, including but not limited to, Marina Sailing, Seaforth Sailing, Aventura Sailing, Harbor Sailboats and Blue Pacific Boating to name a few.

If you want a new sailboat, consider putting it under a Charter Program and receive the following:
• Monthly Income
• A guaranteed slip
• Potential for sales tax deferral on your purchase.
• Ongoing regularly scheduled professional maintenance
• Up to $387,500 in tax deductions under the current tax code. This tax code
could end/change at any time!

If you’ve EVER considered owning a boat or if you charter regularly, you owe it to yourself to check these programs out. Give us a call and let our experts guide you through the many charter organizations.

Please go to our "Boat as a Business" page for more information about these programs.

Other Possible Tax Benefits to buying a boat. 

1. Will a boat qualify for a second home deduction? 
Yes, if a boat has a place to sleep, a head and a galley it will qualify as a second home deduction.
2.  What does this give me?
You can write off all your interest expenses related to the boat, just as you do your primary residence.
3. What restrictions apply?
  The IRS only entitles you to one 2nd home deduction, so if you already own a home, it might benefit you to finance your boat through the equity in one of your homes

Can I write my boat off as a business expense?

YES! Many of our clients do write off their boats through their business; however you would want to meet with your own accountant to insure you followed IRS guidelines. 

Please go to our "Boat as a Business" page for more information

 

 

 

Disclaimer: Please check with a qualified tax professional before placing a boat into charter. This page is only to serve as a guide to placing a boat into charter. This offer is not valid with other offers and may change without notice. Please contact dealer for current details.