Yacht Ownership, Taxes and Financing

Depending on the country of registration and the advice of tax counsel, each yacht will be owned by a corporation or a limited partnership. There will be a maximum of ten ownership interests. Each ownership interest represents ten percent ownership in each yacht and entitles the owner to four weeks of exclusive use per year.

In order to mitigate the impact of the value added tax (VAT), common in most European countries, a sale and lease back arrangement allows for VAT payments on the annual lease rather than the full purchase price of the yacht in the year of acquisition (each owner should consult with his own attorney and tax counselor for advice on minimizing tax impacts).

Depending on owners' preferences and tax laws in various countries, a lease may run for ten years with options to renew.

All tax and ownership considerations will be handled by international attorneys and fully explored with each client and his advisers.

Financing is available for buyers who would like to finance some or all of the costs of acquisition of one or more fracional ownership interests.

Call or e-Mail us for information on how to receive a copy of fractional ownership documents.