Placing your boat in our Charter Fleet will allow you to turn your boat into a business. You can enjoy tax savings and benefits as well as income from charters and the best part is; you will continue to use your boat whenever and however you wish.
Starting in 2003, the IRS adopted new policies to help stimulate the economy. Section 179 of the Jobs & Growth Tax Relief Reconciliation Act of 2003 allows you to deduct up to $108,000 of qualifying equipment (like an income producing yacht) purchased for business use in the year of acquisition.
All of your out-of-pocket expenses will now be tax-deductible. This includes interest on any outstanding loan, depreciation, travel expenses when you are “working” on the boat, slip fees, dive service, property taxes, insurance and any equipment upgrades, repairs or replacements.
You will earn 60 percent of the income, every time your boat is chartered.
Your boat will be cleaned and washed weekly and cleaned and inspected after every Charter. Regular inspections and maintenance will be performed by our professional staff. You can sail your boat when you wish and we pay for the fuel.
If you are interested in owning a yacht, we can help you to locate boats and assist you in the purchase process. After you buy your yacht, put it in our Charter Fleet and use the income tax savings and charter income to help pay for your new boat.
Now is a great time to act. If you are interested in exploring the possibilities of putting your yacht to work for you, please get in touch.
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From: A Happy Beneteau Owner with Shelter Island Sailing's Charter Fleet
To: Anyone considering the purchase a Sailboat
If you're thinking about getting a sailboat, you should also consider the possibility of placing the boat with a charter service.
The tax benefits and charter income have more than offset the costs of the boat's purchase, I sail my beautiful Beneteau 361 whenever I please, she is very popular with the Club's Members and the Charter Skippers and she is producing a substantial income; I received over $5,000 in Charter Income from just the first two months in service with Shelter Island Sailing.
I purchased my Beneteau 361 through Southwestern Yacht Sales and worked with salesperson Allan Hardwick.
Allen did a superb job helping me through all phases of the transaction and his professionalism and knowledge of the Beneteau Line is second to none. If you are thinking about buying a Beneteau, you should talk to Allen.
I recommend Beneteau Sailboats, Southwestern Yacht Sales, Allan Hardwick and Shelter Island Sailing without reservation!
Jon Riksford
Owner ("JAMBO") 
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