If you’re looking to invest in a major asset that will bring you major satisfaction, then the appeal of a high-quality yacht might be difficult to overlook. There are a number of luxury yachts for sale from online vendors – or, you could commission a bespoke design yourself.

Let’s take a look at some of the major advantages of investing in a yacht.

Unparalleled Freedom and Exploration

When you own a yacht, you can sail to just about any destination. This might mean that you can access parts of the sea that others can’t. If you want to make a stop at a particular secluded beach, or a desert island, then a yacht might provide the only viable means of doing so. A yacht might also allow you to devise your own bespoke itinerary – meaning that you can shape your vacation to your exact needs.

Investment and Potential for Charter Income

If you aren’t going to be sailing your yacht all year round, then you can use it to earn money when you aren’t using it. You can charter the yacht to other people, generating an income that will help drive down the cost of ownership in the long term. You might also earn money through appreciation, too.

Enhanced Lifestyle and Entertainment

The right yacht will provide you with a special kind of lifestyle, especially if you’re willing to invest in a vessel that will provide the features that are important to you. You’ll be able to take your family and friends off on a vacation that they’ll remember forever. Or, you might use your yacht to host parties, and to bring together friends and colleagues.

Tax Benefits and Financial Considerations

A yacht can provide a means of optimizing your tax bill. You might find that, in some parts of the world, the purchase itself is exempt from sales tax. You might also not have to worry about Capital Gains Tax when you ultimately come to sell the vessel. If the yacht is being used for business purposes, then you might also be able to claim a VAT deduction on many of the ongoing costs associated with it, like fuel.

Before you make any major financial decisions, it’s worth consulting with a tax advisor. That way, you can be reasonably sure that you aren’t going to take on any extra responsibilities.

A Refuge and a Place of Relaxation

Perhaps the best reason to own a yacht stems from the seclusion and privacy that it can provide. If you need a space in which you can escape the stress of your day-to-day life, and immerse yourself in the calming tranquility of the ocean, then a yacht might provide exactly what’s required.