Ownership

Why not become a partner in Latitude's Term Charter business. You can enjoy ample use of your boat as well as receiving income and the tax benefits associated with having a capital asset in a business.

Usage

As owner you are entitled to the same use as a Level 1 subscriber which ensures you a share of summer time dates, and, of course, as it's your boat, any other time that the boat is not being used.

The Boats

The Term Charter fleet comprises the very latest Beneteau Oceanis 40 cruising yachts. As owner you would purchase one of these stunning yachts and benefit from all the advantages above. After 3 years the yachts are sold as this is typically the point of minimum depreciation and the end of the manufacturers' warranty.

The Income and Expenses

A 50 percent share of the nett Charter Pool Profits. The costs of the marina, insurance and basic servicing and provisioning costs are shared between the owner and Latitude.

Tax Benefits

There are different levels of deductions available dependant on the level of depreciation you choose and the amount the boat is financed. Your share of operating expenses should be a fully deductable business expense and GST at the time of purchase should be refunded.

NB. We recommend you consult a taxation specialist for the best advice.