Placing a Yacht into Charter
You can offset the cost and gain tax advantages on your new Beneteau by placing her in Charter!
We offer brand new Beneteau sailboats and powerboats with our partners Harbor Sailboats and SailTime!
A charter placement owner at Harbor Sailboats is someone who is seeking to lower the costs associated with boat ownership while not sacrificing time on the water. By purchasing your new Beneteau and entering into an agency agreement with Harbor Sailboats, you can substantially reduce these costs while the yacht is managed and maintained to the highest standards. While not sailing, your boat will earn revenue that will be put towards covering costs like slip rent, insurance, maintenance and loan payments.
Save countless hours of your limited time by allowing our highly respected team to manage all aspects of your boat. We manage the marina slip rent, financing, insurance, maintenance, upgrades, bottom cleaning, etc; a full bow to stern team will surround your boat making it easier to enjoy time on the water.
How It Works
The Charter Placement program at Harbor Sailboats splits the boat revenue 50/50 between the owner and the club. While the cost of slip, insurance, maintenance, and loan are the responsibility of the boat owner, their portion of the revenue has proven to cover a significant amount of those expenses. On an annual basis, revenue will prove to reduce the overall cost of ownership by roughly 50% compared to conventional ownership.
HS will take care of all cleaning, fueling, pre and post sail inspections, marketing, payment collection, slip agreements, insurance agreements and overall management of the boat. We also provide and industry leading maintenance team at half the cost of a private maintenance program.
Revenue is generated through club rentals, non-member charters, captained charters, cooperate events, and sailing classes. Harbor Sailboats is known as one of the strongest sailing clubs in California meaning your boat will be dropped into an established and predictable revenue stream.
Furthermore, owners maintain a flexible usage schedule that can be customized to your needs. Feel free to sail your boat as much as you need while generating signification revenue when the boat would otherwise be tied to the dock. If you desire to own a new Beneteau while saving thousands of dollar a month, Charter Placement with Harbor Sailboats is the answer.
Would you be willing to charter your boat for substantial tax savings and charter income?
Do you need a large tax deduction THIS YEAR?
The tax rules as they exist now, are incredibly helpful.
For example if:
- You are at the top end of the tax table.
- You have, or are anticipating a big increase in income this year.
- You have a large capital gain from real estate, stock options, or whatever–these deductions can offset that tax liability.
- You plan to purchase a new boat (and have a marginal tax bracket that would justify a large write off–25% or greater-combined federal/State):
You could get the $500,000. Section 179 deduction
Here’s the relative information in brief:
- Increases the Code Sec 179 expensing limit to $500,000
- Permits a bonus first-year depreciation deduction of 50% of the adjusted basis of qualified property acquired and placed in service before Jan. 1, 2011.
How do you get the tax advantages? Call your tax advisor for the best advice!
Typically, you set up a LLC or other pass through entity and the tax advantages directly offset taxable income from any (Active) source, including your regular job (W2 income). You do not wait until the end of the year (even the IRS will tell you this.)
For details, give us a call at 619-224-7784. We are open 7 days a week for your convenience.
Timing is everything! If you can get a boat for all, or a majority of the boating season, that’s ideal (ask us what’s available). You can qualify for a full years of tax advantages and get income to cover cash flow the year you place the boat in service. The season is here! Talk to us to better understand how to optimize your situation.
If you are looking for more information online about this opportunity, please give us a call or contact us via email.
SailTime San Diego: Keenan@Sailtime.com
SailTime Newport Beach: cjester@sailtime.com