Smart Boat Ownership
Create a complete turn-key ownership solution incorporating a revenue plan, scheduling, bookkeeping, maintenance services, crewing and even provide operational training.
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HOW SMART BOAT OWNERSHIP WORKS
We will create a complete turn-key management solution for you incorporating a revenue plan, scheduling, bookkeeping, maintenance services, crewing and even provide operational training.
The typical yacht responsibilities and tasks are taken out of your way, just leaving the fun and enjoyment of being on the boat with your family, friends business associates and other guests.
Some models are more popular than others and we can give you our recommendations if your wish is to maximize income. Alternatively, you may opt for ownership that allows access to a fleet of boats located in some of the best boating destinations in the world. These yachts are custom made and configured to keep consistency in the fleet.
Although the acquisition of a new yacht may be an effective business tool, the tax benefits must be carefully planned, documented, and implemented. We will work with you and your tax professional to qualify your yacht as a business and legitimately take advantage of tax deductions available to you.
Our ownership advisers together with the yacht management company will put your yacht into a revenue program that is rewarding, without the day to day operational tasks typical of owning a yacht. YACHT Solutions will work with and assist you every step of the way; from selecting a yacht by some of the top brands in the world, financing your acquisition, to placing your new yacht into the best program for you.
Guaranteed Income Model
The owner receives a guaranteed payment per month from the management company for the use of the boat. The owner is typically given a number of weeks per year when they may use their yacht for business or pleasure. This is a more risk-averse model than the incoming-sharing model which will be described next. Programs from operators like Moorings and Navigare fall into this category of income model.
Income Sharing Model
This model is between the owner and the management company. The owner must pay all costs associated with the boat including maintenance, purchase or down payment, depreciation, interest costs, insurance etc. The owner’s share of income from the yacht goes towards offsetting these costs. The management company keeps its share of the income (usually 50%) for marketing and operational expenses.