If you are an American tax-payer, you’ve probably heard the phrases “active yacht ownership” or "boat as a business". These phrases refer to the business strategy of purchasing a yacht and placing it into a charter program to generate income.
If you're considering utilizing a business strategy for your new yacht purchase or if you're interested in learning more about it, check out our "Ask the CPA" webinar for yacht buyers.
During this webinar, Navigare Yachting and the CPAs from Elevate CPA Group discussed this business strategy and provided answers to commonly asked questions. Watch a recording of the webinar below:
Explore our Navigare ownership programs or contact Navigare Yachting for more details. Interested in buying a new yacht? View the available catamaran models and sailing yacht models available for sale through Navigare.
For tax planning guidance, be sure to read: Tax strategies for yacht buyers.