Yacht Donation
Yacht donation is often an excellent way to liquidate a yacht asset and realize a tax benefit while being philanthropic as well. Your vessel may be monetized by donating it to a qualified 501c3 charity and deducting its appraised value. Specific advantages will depend on your tax bracket and the state in which you reside, but may include significant tax and other benefits as well as the elimination of carrying costs including insurance, dockage, maintenance and selling expenses. All while enjoying the pleasure of donating to a good cause.