Putting a Boat in Charter

[belizesailor]

One signficant financial consideration I have not seen mentioned yet is depreciation. If the boat is in full time charter service then it is a business asset and can be placed on a depreciation schedule for tax purposes. Can have a significant impact on your taxable income.

In the end, boats don't make financial sense, but defraying costs thru charter use and tax advantages of depreciation certainly can help make them less financially painful.

Also lots of threads here on this subject already so search them too.