In the News


A Galley, Head… and Tax Deduction? Tax Savings and Boat Ownership

    Tax Benefits, Tax Reform, and Fractional Boat Memberships: This article addresses the intersection of the U.S. tax code as applied to houses, boats, and now fractional boat memberships.

    These days there are many companies that target would-be boat owners with programs offering boat ownership at a ‘reduced cost’ of ownership. While some offer full charter service structures, within which a boat owner could enter their boat, other companies offer fractional ownership programs (similar to timeshares) to help defray some of the costs associated with owning a boat. October 2, 2018. Download