Re: Meh
The running costs per year are normally 10% of the cost of the thing (according to a mate of mine who likes boats). That’s north of $50m a year which ain’t chump change although probably a drop in the ocean for Mr Bezos. Then there’s tax although there are schemes and the such like to help offset that. Register the thing as available for charter, so set it up as a business and VAT on supplies like fuel evaporates. Although it doesn’t actually need to be able to be chartered just registered as such. So you may find that the super rich list their yacht for charter, but you can’t actually hire it. Wall Street Journal Article
As the old saying goes a yacht will give you the two happiest days of your life: the day you buy it, and the day you sell it.
With apologies for the awful gags, mine’s the one with the book of dodgy nautical sayings in it.
Biting the hand that feeds IT
