wine-bottle
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LEGALLY AND LEGITIMATELY

  • Licensed by Los Angeles County, the State of California and the City of Los Angeles*
  • Approved by the Department of Beaches and Harbors* for 30 Vessels or more in Marina Del Rey
  • Multiple Approved Boarding Locations for Over 300 Passengers
  • Commercial Parking Available for all our Passengers
  • U.S. Coast Guard Inspected Vessels when Applicable by Law*
  • Passenger Vessel and Bareboat Charter Insurance Coverage Available

Reduce the cost of owenership with deductions & charter income

IRS SECTION 179 BUSINESS DEDUCTION BENEFITS FOR 2016

  • Deduct your slip fees, insurance premiums, loan interest, property tax, repairs and maintenance, etc.
  • Use yacht charter revenue together with the business tax deductions to reduce the costs of ownership
  • The vessel must be used for business purposes more than 50% of the time to qualify for IRS Section 179
  • Bonus depreciation expense deduction in the year of purchase equal to the purchase price of up to $500,000
  • Businesses that purchase, finance and/or lease less than $2,000,000 in new or used equipment should qualify
  • IRS Section 179 benefit is reduced for yachts priced over $2,000,000
Are You Ready?

Contact Us: (310) 526-3429 | charter@luxuryliners.com

*License, permit and/or inspection is required by law.
Luxury Liners is not a licensed tax advisor so please consult your advisor to find out what’s best for you.

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