How Ultra-Wealthy Families Use Yacht Chartering for Tax Strategy

In this episode of The High Net Worth Podcast with Fexingo, Lucas and Luna explore how ultra-wealthy families use yacht chartering as a legitimate tax strategy. They dive into the specific rules of the U.S. tax code that allow owners to deduct expenses when chartering their vessel for a limited number of days per year, while still enjoying personal use. The hosts break down the 7-day charter rule, the tax treatment of crew salaries, fuel, and maintenance, and the real-world example of a 60-meter Feadship owner who chartered for 60 days and wrote off nearly $500,000 in expenses. Lucas references IRS Revenue Ruling 82-99 and explains the difference between a qualified charter vessel and a hobby-loss claim. Luna asks about the downside: caps on personal days, the alternative minimum tax, and the fact that charter income counts as passive activity. They wrap with a forward-looking question on how changing interest rates might affect the asset-level economics. A concise, example-driven look at how luxury and tax planning intersect for the top 0.1%. #YachtTaxStrategy #UltraWealthy #WealthManagement #TaxPlanning #LuxuryAssets #CharterVessel #IRS #RevenueRuling8299 #PassiveActivity #HobbyLoss #Feadship #TonnageTax #DepreciationStrategy #NetInvestmentIncomeTax #Finance #FexingoBusiness #BusinessPodcast #HighNetWorth Keep every episode free: buymeacoffee.com/fexingo