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A dear friend (also sailor) Jean-Maurice was battling last stages of cancer. He's got the sailing bug. Sailed this passage before on a Class 40. I sent him this short of myself back in January 2010 when solo-sailing the North Atlantic from Las Palmas, Canary Islands to Mindelo, Cabo Verde.
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Schaffhausen, 15 July 2020 – IWC Schaffhausen and its partner Solaris Yachts have jointly worked on a very special customised sailing yacht. A 55-foot Solaris 55 from the Italian boatbuilder was designed to perfectly reflect the spirit and visual codes of the new Portugieser watch collection. The yacht’s name “DOUBLE MOON” refers to the iconic moon-phase indication of IWC’s legendary perpetual calendar complication.
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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.
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