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By placing a yacht into an LLC and operating it actively for profit, the owner is able to generate substantial tax advantages that further offset the cost of ownership. There are very specific rules and requirements that need to be complied with in order to meet the standard of actively operating a business for profit and taking tax advantages.
From re-creating the first, to setting out to be the fastest, non-stop round the world racing is in season. We report on the Golden Globe finish and a campaign to smash the record. Plus we take a look at some of the cool kit for the season ahead and plenty more. Producer Matthew Sheahan provides a preview on what's in the March show