Browsing: charter business

Cruising Life
By

Want To Charter Your Boat To Make Some Money? Here Are Some Real Life Examples of How That Works

Ever think about chartering your own boat to make some money and offset all those insurance, dockage and maintenance costs? Here’s a great story from BIV with some real life examples, including income and expense numbers, that may make you think again:  Why chartering boats can be choppy waters to navigate for owners Costs soar for owners who try to defray yacht overhead with rentals By Glen Korstrom | June 10, 2019, 8:08am Every boating season in B.C. launches with some owners feeling seasick about rising costs of fuel, moorage, insurance and maintenance. The high cost of owning a boat,…

Charter
By

New Tax Law Offers Great Incentives To Buy a Boat for Charter Business

The new federal tax law could be some very good news if you’re thinking about buying a boat for a charter business. Under the new law, if you buy a new or brokerage boat from Jan.1 of this year through 2022 and use it in a charter or other business activity, you can score some significant tax savings. You may even be able to deduct the whole purchase price, plus improvements. According to interpretations of the new law from United Yacht Sales and Bluewater Yacht Sales, it has some fairly dramatic, and lucrative, benefits for boat owners. The details: You…