Download Buying a Yacht: New or second-hand by Barry Pickthall PDF

By Barry Pickthall

Deciding to buy a ship could be a minefield, yet a guide like this may make it much more straightforward for would-be boat vendors to make brilliant, knowledgeable choices.
Whether procuring a brand new or second-hand boat, would-be proprietors will achieve professional suggestion on subject matters including:
- the kind of boat suited for their needs
- the place to discover it (brokers, etc)
- what to appear out for
- how you can verify it (especially very important for secondhand boats)
- inquiries to ask
- surroundings a practical budget
- discovering a mooring
- insurance
- documentation required
- and lots more and plenty, a lot more
Lively, smooth and tasty, and illustrated with colour pictures all through, this advisor is full of checklists and insights from genuine vendors who percentage their reports. Armed with this ebook, would-be boat vendors are way more more likely to prove with the appropriate boat for them!

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Additional resources for Buying a Yacht: New or second-hand

Sample text

It is likely to be the cheapest form of finance. Treat the boat as a business asset To do this, the boat must realise an income from charter, entertaining or as a training boat. You may be taxed for personal use of the boat as a benefit in kind. Sponsorship If the boat has a high profile or is used for racing, you may be able to attract commercial sponsorship and receive payment for hospitality and branding on hull and sails. US tax breaks In the US, you may be able to claim interest payments back when filing your Federal income tax return, if the boat is equipped with a head and galley, because the asset can be treated for tax purposes as a second home.

A two-seater cannot cope with any of that. Buying a yacht requires the same practical thought processes. Design Racing, they say, improves the breed, and this is certainly the case with yacht design, which in five decades, has progressed from traditional narrow, heavy displacement hulls with integral keel and rudder profiles to much more efficient wide beam, light displacement forms with all manner of keel and rudder configurations. The greater volume within modern designs, developed to increase form stability and improve performance off the wind, has the practical benefit for cruising in providing more volume below, allowing for bigger berths, a fully fitted galley and heads (toilet), even in the most modestly sized yachts.

Then there is the second problem of proving ownership. Does the seller actually have title to the yacht? One scam I came across in the world of classic yachts is multiple selling. Two people thought that they had bought the boat and both had already paid a deposit on the laid up yacht. It just happened that both also shared the same hairdresser, and being an inveterate gossip, he told the second ‘purchaser’ that a previous customer had just bought this ‘classic boat’. That set alarm bells ringing, and sure enough the seller was trying to double his money and run.

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