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The Alpari World Match Racing Tour (AWMRT) is the leading professional sailing series featuring six World Championship events across the globe, sanctioned by the International Sailing Federation (ISAF) with “Special Event” status. Events take place in identically supplied racing yachts to place the focus on teamwork and skill. Racing takes place close to the shore so that spectators and fans can follow the racing in a virtual on-the-water stadium.
Thinking about using a yacht for your business and want to know about tax breaks? Section 179 lets you deduct part of the cost upfront, but only if the yacht is truly for business (To qualify you must prove Active Participation and Ability & Intent to make a profit) and there are spending limits. Bonus depreciation offers even bigger deductions. Remember, the IRS is strict, so consult a tax pro specializing in yacht businesses.