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When You Own The Yacht Adventure Sailing Is More Fun People can charter adventure sailing vacation to virtually any destination in the world. The problem here is that it will cost you a huge sum paying for the crew, the meals and the fuel for the trip. You could perhaps save money on a sailing vacation if you own the yacht but only when you know how to pilot and control it. The advantage of having your own boat is that you can go on a sailing vacation anytime. You do not have to telephone your travel agent or make any booking online because the boat is just waiting for you to come aboard. The only thing you need to do is buy food and fuel which should be adequate to get you back to port. The boat also brings financial benefits since when you are not using it this can be leased out to those who want to go on their own sailing vacation. This of course entails additional revenue for you to fund the ship's maintenance so it stays in good shape. This makes it also ideal for those who prefer to conduct business aboard since this is a tax deductible once you register your boat as a place where you conduct business. To check how this works, touch base with your tax advisor Another financial benefit of owning your own yacht is that this is regarded to be a second home. As long as the boat comes with at least one berth, a permanent galley and a head, which is the prerequisite of the IRS. If you can’t afford to buy your own yacht, research about fractional boat ownership which entails that for a particular period throughout the year, you are able to do whatever you wish with the boat. Use it to go on a trip together with your family. The best thing about this is that many of you share the price of owning the yacht which already includes its insurance, maintenance, equipment, moorage, fuel and repairs. This can only happen when you have accomplished a boating safety class and safety orientation. Another alternative is joining a boat club. Unlike fractional sharing, you do not own a boat. But being a member, you're entitled of up to 4 advanced bookings at any given time and access to sailboats or to powerboats that are up to 30 feet long. For its part, the club shoulders all other expenses like maintenance, storage, cleaning and insurance. There are several of then around so you will not have a difficult time picking out one. A few cater to a special market while some cater to all. They also give boating classes for those who wish to do this for fun or dedicate themselves in the sport. |