Incentives to get into the Charter business

11:04 PM Sun 8 Mar 2009 GMT

'There has been a significant boost to the benefits of investing in charter boats.' .

There are benefits and breaks available for small and general business to invest in new Charter Boats, thanks to the recent initiatives as part of the Government's stimulus package.

This tax break permits businesses to claim accelerated depreciation of 30% on top of normal depreciation on new assets purchased from 13 December 2008 until 30 June 2009. The assets purchased must be installed and ready for use by 30 June 2010. This supersedes the 10% accelerated tax break previously announced in November 2008.

Although we are yet to see the legislation, we can see no reason why this tax break should not apply to the purchase of new yachts for hire in the charter industry. A new boat will consequently generate an added tax advantage for your business in the first year of ownership - good for you, good for the economy.
If you would like to look at the detailed media release from the Treasurer it can be found at
www.treasurer.gov.au/DisplayDocs.aspx?doc=pressreleases/2009/012.htm&;pageID=003&min=wms&Year=&DocType=0

Bavaria Charter Australia works closely with the best charter companies around Australia with the aim of matching the right investor to the right operator. Along with a proven record of adapting Bavaria's for survey (required for charter operation), Bavaria Charter Australia works with charter yacht buyers to set up business plans, provide basic tax advice and advises on all considerations for maximising the charter yacht investment opportunity.

Building over 3,000 yachts per year, Bavaria Yachts is one of the world's largest yacht builders. Recognised throughout the world as superb cruising yachts, each Bavaria is strong, seaworthy, and most importantly, easily handled with excellent cruising credentials - but with unmatched performance for social cruising as well.

Due to such efficiency in numbers, Bavaria Yachts offers what is probably the best quality to price ratio of any yacht worldwide. The proof is in the many thousands of yachtsman that have chosen Bavaria yacht for ocean cruising.

If you are considering buying a new yacht to put into charter and want to take full advantage of this opportunity, call Bavaria Charter Australia, Tel: (07) 4948 0206 or email: skey@bavariayachts.com.au

by Bavaria Charter

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