Ever dream of owning a boat and cruising exotic destinations? Don’t think you can afford it? We understand. Purchasing a new yacht can be expensive but Yacht Ownership as a Business can reduce that expense and let you have your dream with added tax benefits.
Dream Yacht Sales offers clients ways to offset the cost of ownership by placing their yacht into charter management with one of our 50+ worldwide destinations with Dream Yacht Charter. Working with a tax advisor, you can learn the benefit of placing your yacht into charter management which may allow you to lower your personal tax liability and offset continued operating expenses.
We have an independent CPA that will advise you with setting up a LLC and helping you determine the yacht depreciation schedule that is best for your financial situation and the steps you will need to show that you are an active participant in the charter of your yacht.
Business Benefits of Yacht Ownership as a Business
- Offset the cost of Ownership up to 100% of the yachts value ($1M Max) plus annual operating expenses
- We will work with you to design the boat of your dreams rather than require a specific number of cabins and head. Design the boat you want and decide your own location.
- Choose the Dream Yacht Charter destination from 50+ bases worldwide where you want to operate your yacht.
- Become an active participant in the charter of your yacht. Our tax advisors can advise you on how to stay within the IRS guidelines as an active participant in the management of your yacht.
- Choose when you want to use your yacht. When the yacht is not being used by you, let it work for you helping to offset the annual operating expenses. Maintenance, Dockage, Insurance….
If you would like to learn more about the benefits Yacht Ownership as a Business or receive a free cash flow analysis, please contact Brad Kauffman at Dream Yacht Sales. Phone: 410-279-6150
Email: brad@dreamyachtsales.com
Atlantic Dream Yachts and Dream Yacht Sales does not provide tax, legal or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction.