What are the TAX ADVANTAGES of the Active Yacht Ownership Program for your YACHT BUSINESS?
- It reduces the costs of ownership by taking advantage of the current tax law.
- It will help create equity in your new yacht by legitimately diverting some of the taxes that you are already paying to your yacht business.
Stephen Cockcroft is a section 179 tax expert as applied to the yachting industry and have helped many boat owners to successfully navigate the path to a happy and profitable yacht busines in complete compliance with all tax rules.
Contact us for a personal consultation today or e-mail This e-mail address is being protected from spambots. You need JavaScript enabled to view it
Inquire about our try-before-you-buy program. You could get your charter for free!
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If you are a US tax payer – and enjoy sailing and yachting – this program will work for you!
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Turn your tax dollars into yacht dollars and live your dream! It is not impossible or too good to be true and here is why:
- As gratifying as yacht ownership is, it tends to cost more than most people originally budget for and that is why charter management is a good option to reducing ownership costs.
- With the new tax laws currently in effect you will find that those costs can be even further reduced.
- You could own your yacht a fraction of the time at a fraction of the cost
- It could form part of your retirement plan.
All the experts agree that 2011 may be the best year ever to buy a yacht! In an effort to stimulate the economy, the U.S. Congress enacted The 2010 Tax Relief Act, which benefits businesses by increasing the 50-percent bonus depreciation deduction available previously to a 100-percent deduction for qualified investments made before January 1, 2013.
What does this mean for you? It means Section 179 should definitely be a part of your 2012 strategy. This is the perfect opportunity for anyone looking to buy a new yacht at a fraction of the cost - the entire cost of a new yacht can be depreciated this year, and allows you to reach back and recover taxes paid in 2011. You can apply the deduction this year or carry it forward to 2012! Yacht Guru's team of specialists include recognized experts in this field, and we have the most complete program available to make it possible for you to qualify your yacht purchase to be eligible for this program:
Although Congress and the President are encouraging taxpayers to invest in new property purchases under these incentive provisions, one should exercise care to ensure the deductions will stand scrutiny. Catamaran Guru's experts, together with your personal tax advisor will put your business on the right track from the outset. We will work with you and your tax professional to qualify your yacht as a business to legitimately take advantage of tax deductions available to you. Although the acquisition of a new yacht may be an effective business tool, the tax benefits must be carefully planned, documented, and implemented and the Yacht Guru team will assist you every step of the way.
Catamaran Guru have access to some of the top brands of yachts in the world and we offer the added luxury of making it possible for you to place your new yacht into service at charter bases in several locations in the world. Yacht Guru actively seeks innovative ways to help make yacht ownership more efficient, affordable and enjoyable.
Act Now..Unless it is extended, the Section 179 Deduction phases out completely in 2012.
**This information is general in nature and purchasers are encouraged to seek experienced legal counsel in yacht acquisition planning and implementation. Florida Yacht Group is not a licensed Tax Attorney or CPA and is not qualified to give legal advice but we can put you in touch with experts who are.
Active Yacht Ownership Guru
Stephen Cockcroft has been sailing catamarans since 1975 and has been actively involved in the marine industry for 25 years. Originally from South Africa, he built his first ocean-going yacht in his backyard. Then he and his wife Estelle sailed 30,000NM on her, visiting more than 40 countries. They now reside in the USA.
Subsequently, Stephen has done multiple ocean voyages, and most recently won the Bahamas leg of the Caribbean 1500 on a Prout 50 cat.
Stephen has been involved in every facet of the marine industry, from owning a factory manufacturing the very successful Island Spirit catamarans, to co-owning the third largest charter company in the Caribbean and North America. He has represented many brands in the USA and has been involved in product development of large catamarans for buyers.
Stephen has represented hundreds of buyers and sellers in transactions. And with his vast experience of the international marine business, technical, financial, tax issues and contractual aspects, he is without a doubt the person you would want in your corner representing your interests when buying or selling a yacht.
Stephen...
• Is an Instructor Examiner with the ASA
• Has taught hundreds of people to sail catamarans as well as monohulls on live-aboard courses in the Caribbean and the Bahamas
• Has operated his own brokerage house in the USA and is a licensed and bonded yacht and ship broker in the State of Florida.
• HIs website, catamaranguru.com, is a continuing resource for all sailors as well as the customers and students that he has worked with.
The Catamaran Guru Team under Stephen Cockcroft's leadership, has developed the Active Yacht Ownership Program. This program can dramatically reduce the costs of yacht ownership by simply taking advantage of the current tax laws. Stephen has been using this program for years with several of his clients and has stress tested it with the help of his tax consultant and attorney. With the bonus depreciation law passed this year, this program is especially exciting for new yacht buyers.
Tax Poll
How much do the average American pay annually in personal income tax?
Catamaran Guru TV
Visit of the large catamaran Lagoon Factory
in Bordeaux.
Discussion on Charter Yacht Ownership by
Stephen Cockcroft & other industry experts.
New Construction
This a sneak peek of the new Island Spirit 50 in development.
The Concordia 72SC is currently being finished in Thailand.
Yacht Management Programs & Tax Issues
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Catamaran Guru offers yacht management programs in the charter fleets of Dream Yacht Charters, the biggest privately owned charter company in the world. You could dramatically reduce the costs of ownership by simply taking advantage of the current tax laws while creating equity in your new yacht by legitimately diverting some of the taxes that you are already paying to your yacht business. You could own your yacht in a fraction of the time and at a fraction of the cost. Stephen Cockcroft is one of the very few experts on this subject in the country and have helped many boat owners to successfully navigate the path to a successful yacht business, in complete compliance with all tax laws. Make this part of your retirement plan! Call us at 1-804-815-5054 or e-mail us for a personal consultation. |