View Yacht Donation vs. Sale Scenarios
Your Name:
Boat Type:
Marine Survey Value: $
Initial Asking Price: $
Filing Status:
Adjusted Gross Income Before Donation: $
Projected Income Tax:
$0 (% tax bracket)
Adjusted Gross Income After Donation: $0 (% tax bracket)
Projected Income Tax Paid After Donation:
$0
Savings on income tax if you donate your yacht: $0
Your Specific Yacht Sale Scenario
To evaluate the financial gain of selling your yacht, you must consider the final price you are able to negotiate with a prospective buyer, the cost incurred to show/list/sell the yacht, and how much it costs you to keep the yacht while you're waiting for a buyer. Enter your specific expenses in the boxes below to calculate a cross-listing of your cost scenarios:
Donating your Yacht Today vs. Trying to Sell Your Yacht: Which One is Really More Profitable?
The chart below shows the money you are guaranteed through tax breaks if you donate your yacht today (THE HORIZONTAL LINE) compared to the your net proceeds for selling your yacht across a range of scenarios. You will typically have to negotiate the sale price with a buyer. Also, you never know how long it's going to take to actually close a deal, and there are monthly expenses associated with keeping and maintaining your yacht. So the net proceeds cleared by the owner is displayed for a range of final sale prices (represented by different lines, starting with your asking price and decreasing by 10%) and across a range of the # of months required to close on a deal. Where the horizontal donation line is higher, donating your yacht actually yields more money.
The table below shows the same information as the chart above, but in tabular form. The $$$ values are the net proceeds to the owner under different combination of the final sale price and how long it takes to close a deal. The YELLOW shaded boxes are scenarios in which the yacht donation yields more money and the GREEN shaded boxes are scenarios in which selling the yacht yields more money.
Number of months required to find a buyer |
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Actual Sell Price |
1 Months |
3 Months |
5 Months |
7 Months |
9 Months |
11 Months |
13 Months |
$0 |
$0 |
$0 |
$0 |
$0 |
$0 |
$0 |
$0 |
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$0 |
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$0 |
$0 |
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