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Yacht
Ownership
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Take
An ASA Sailing Class
Charter
A Boat
Join Our Sailing
Club
ATTENTION!
We moved
our office to:
13444 Bali Way #100, Marina del Rey, CA 90292
Boat docks remain the same.
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Are
you dreaming of buying a boat? It just might be a great
financial decision for you. - The
IRS allows large deductions (up to $108,000 or
more)
- Blue
Pacific turns dreams into reality and
businesses by being your "maintenance
crew!"
SAVINGS
The tax law (IRS Section 179
of the
Jobs & Growth
Tax Relief Reconciliation Act of 2003)
was passed in 2003 to stimulate the economy, and the maximum
deduction has grown every year since.
Please also review this link to Leases of Mobile Transportation
Equipment - Regulation 1661.
So ... its time to buy a boat for charter. The law allows you to
deduct up to $108,000 of your charter yacht when you purchase
it for business, which happens when you put it into Blue
Pacific's Yacht Management Program. Then you can use
income tax savings and charter income to help pay for your
dream.
Contact your accountant or tax planner to discuss the details
or let us refer you to one of our specialists. We
work with CPAs who are already up-to-speed on the details of
this great opportunity.
BLUE
PACIFIC, YOUR BUILT-in MAINTENANCE CREW
Yacht manufacturers and brokers do not offer a
"maintenance crew" as an option, but Blue Pacific
does!
Owning a yacht in the Blue Pacific Yacht Management Program
gives you the best of everything. You can enjoy using
your yacht at your discretion while we take care of it and
help you make money.
Our maintenance crew gives constant attention to your boat,
keeping her constantly clean and ready for you to step aboard
and take off sailing without having to worry about a
thing. We will perform regular engine service and
keep records of everything we do for your boat in a monthly
statement.
Your boat will only be sailed by qualified Blue Pacific
sailors, most of whom we have trained ourselves, and who will
treat your investment as well as if you were aboard.
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HERE
IS MORE ON ...
BUYING A BOAT FOR CHARTER THROUGH
BLUE PACIFIC BOATING
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| WHY
BUY ... |
| BOAT
PURCHASE TIME: No sales tax on purchase.
Instead. we can collect the sales tax on the charters
for you. |
MONTHLY:
Receive a check for 60% of the charter fees.
This represents substantial income, as our more
popular boats go out over 100 days per year. |
INCOME
TAX TIME: Depreciate the boat and deduct the
boat expenses. We write the contract as an active
investment. In addition, Section 179 may allow
you to depreciate up to $111,000 the first year. |
MAINTENANCE:
We will be your maintenance crew. Our
knowledgeable and judicious maintenance team will help
you keep your boat in A-1 condition at minimum cost
for maximum income, personal enjoyment and resale
value. |
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| HOW
OUR CHARTER PROGRAM WORKS ... |
INSURANCE:
Our group policy will provide your boat with $1,000,000 liability and hull value insurance with 1% deductible. You are financially responsible for the insurance cost (current example: per year around $1,800 for a $110,000 boat, to $5,700 for a $438,000 boat). Contact
Pam Stanley at Global Marine Insurance at
1-800-748-0224 or by email at
service@globalmarineinsurance.com |
SLIP
ARRANGEMENTS: We will help you secure a slip at a competitive rate at the MARINERS BAY marina in Marina del Rey. You will be responsible for the slip fees
(currently $15.00 to $18.00 per ft on a month-to-month rental agreement). |
BOAT
EQUIPMENT: We will provide you with a list of required and/or recommended equipment for a successful Charter Boat. Most of these you would want to have yourself: refrigeration, a hard-bottom dinghy and outboard motor, and galley equipment for 6 to 10 depending on boat size.
(click here to see more items) |
MAINTENANCE:
You will enjoy the best maintenance at reduced costs thanks to our group purchasing power. You are financially responsible for on-going maintenance. Charterers of course pay for any damage, loss or breakage they cause to the boat or its equipment.
(pro-forma available on request) |
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