Whether putting a boat into charter makes economic sense depends on how the deal is structured and also on the tax laws.
Back in the heyday of the Privilege
, French owners could put a boat into charter and deduct the value of the boat from their French taxes
in a single
year. That worked really well for rich people who wanted big single
Unfortunately, things don't work that way in most other countries. I looked at putting a boat into charter, and for me it did not make sense.
When you get a new boat, you have a grace period that lasts about five years. There are no major problems with critical systems for the first five years - at least that's the way it worked on our Privilege
39. That meant the first five years of our circumnavigation
was pretty much trouble free. After that, I had to put more money
and work into keeping to boat in good shape to complete our circumnavigation
I would like a new yacht to start a circumnavigation just to make it easier and more trouble free in remote
destinations around the world. But if I was doing just local cruising, I would be happy with a used yacht because I wouldn't really need that 5 year grace period before things start to break and wear out.