In the News

10/2018

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

  • picture of Severiano E. Ortiz
    Severiano E. Ortiz

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

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