photos: Nicolas Claris
There are two alternative charter options available to owners who keep their boats in New England - whether on a full-time basis or as part of our "Follow The Sun" Program (more details on this program here).
The two New England charter options, explained below, are differentiated by:
With either option our owners have readily been able to generate $20,000 income from limited charter of their boats over the New England summer sailing season.
As an alternative to placement in a full-time charter fleet, we have owners who have chosen to offer limited charter of their yachts for just a few weeks, managed directly themselves.
This route to chartering offers much greater personal use time and significant tax advantages to offset the costs of ownership - in addition to charter income - as the boat is essentially being operated as a business with the active participation of the owner.
The yacht charter revenue, together with business tax deductions available through "Section 179", substantially reduce the costs of yacht ownership.
An owner managing his own charters in New England (to satisfy the requirement for "active" vs "passive" management and thus offer greater tax advantages) would keep a much greater proportion of charter revenue, so that:
All with the bulk of summer sailing time available for personal use or additional chartering.
Please contact us for additional information concerning owner charter management and to see charter income projections.