Duration of The Program. Our destinations are the most beautiful and diversified in the market. * For US customers and taxpayers looking to maximize tax benefits and understand the rules of active ownership, review our post on Tax strategies for yacht buyers . Sunsail are well-known for their award-winning yacht charter holidays, but fewer people realize they sell boats too! The owner is free to sell their ownership interest at any time. After five years we were given four choices: 1) Sunsail sells our sailboat, and we purchase a new one 2) we sell the boat at market value and use the proceeds to pay off the loan 3) we survey the sailboat and sail it home, or 4) we enter into another charter program with a … Charter boat ownership is in effect a great way to enjoy sailing for a few years without major expenses, AND own the boat at the end of the contract while having the charter income pay for some or all of the mortgage. Structured like a business, with a revenue stream based on the actual charter income generated by the yacht and actual expenses, this ownership option can provide some significant tax benefits. This variation of our Smart Program lets your share the yacht's purchase price & holiday benefits with up to 2 more owners. Advantage Ownership Program The Moorings Advantage Program is designed for individuals that want to operate a yacht as a business. 2 to 4 depending on the yacht. Hear it directly from a yacht owner. - You answered NO: NOT GREAT. Don't just listen to us about how great the Charter Yacht Ownership Program is with MarineMax Vacations. Our members enjoy the freedom to sail a larger newer yacht than they could afford to buy just about whenever they want plus they arent all tied up in the ownership cycle which allows them to charter guilt free in exotic locales all over the world. The key word is affordable. It is an affordable way to have a beautiful boat. And it is nice to be able to go to a beautiful place and enjoy your boat. Dream Yacht Charter: Nightmare Yacht Charter - See 106 traveler reviews, 161 candid photos, and great deals for Scrub Island, at Tripadvisor. This can be an excellent way to defray costs as well as some of the responsibillity of yacht ownership. Because the yacht is in the ownership program, it helps subsidize the cost of the yacht. Our first chartering experience was with a MarineMax 382. (More about income and finances later). Hear it directly from a yacht owner. On January 24, 2020. Upon the sale of the asset, the owners recover a percentage of their initial cost and will be proportionally refunded from the net proceeds. The program is not for everyone but i think it solves the challenges many sailors face. Our Fractional Yacht Ownership Program was created to provide a surprisingly affordable way for you to enjoy partial ownership of fully-crewed luxury catamarans all over the world without the usual hassles of ownership. Julian, many people are put off by the perceived cost of owning a yacht. We caught up with Julian Adams from Sunsail's ownership programme and found out more about their unique take on yacht ownership. The boat will be sold at the end of the program. Dream Yacht offers more bases around the world than the leading competitor with over 46 locations throughout the Caribbean, Pacific, Americas, Indian Ocean, Mediterranean, Bahamas, Asia, Scandinavia and the Atlantic. You may have been chartering year after year but have you ever thought to own a boat that is in charter? Duration of the program is 5 years. A MarineMax 382 people realize they sell boats too responsibillity of yacht ownership our destinations are the most beautiful diversified. 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