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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.
The Rigging Team commissioning a Hanse418. The works were carried out in the Shipyard of Portimão and included: ✔️Assembling Mast ✔️Mounting Guard Rails ✔️Mast and Boom installation ✔️Tune Rig ✔️ Fitting Running Rigging ✔️Setting up Backstay and Rod kicker ✔️Rigging the sails #HanseYachts #Hanse418 #SailingYacht #YachtLife #YachtCommissioning #YachtRigging