Wouldn’t it be nice to have a boat that is a profitable business that gives you financial returns and appreciates at the same time? Look no further! Our team is commited to keeping you boat looking nicer each day its in charter, while having charter revenue pay for the upkeep. On top of the financial returns your boat will produce for you, under Section 179 of the Internal Revenue Code, you can take a one-time expense deduction in the year of purchase equal to the purchase price of your yacht up to a maximum deduction of $500,000. You may also take a bonus depreciation deduction in the year of purchase of 50% of the amount of the purchase price over $500,000. You can depreciate the adjusted cost basis of your yacht (the balance of the purchase price after deducting the Section 179 expense deduction and 50% bonus depreciation deduction) over 10 years.
Call us at 305-923-4152 to get your boat aboard!
We are boat owners that got tired of losing money in the charter industry and found a way to turn boat ownership into a profitable business. Simply get connected with us. There are no monthly maintenance fee requirements to add your boat to our fleet. We will advertise and maintain your boat, and you only pay us if you get paid. We are only accepting boats that we know will make you money. For those boat owners who want to keep their yacht shining and make money at the same time, our team in Key West, is here for you.
Call or text 305-923-4152