Why Billionaires Purchase Yacht 🛥️ 1️⃣ Tax Deduction 💼 – Many billionaires register yachts as “business assets,” allowing them to claim tax deductions. 2️⃣ Charter Business 🧾 – They rent out the yacht for charter, showing it as a business income source — helping reduce overall taxes. 3️⃣ Foreign Registration 🌍 – Registering yachts in low-tax countries saves millions in import duties & VAT. 4️⃣ Maintenance Write-Off 🛠️ – Fuel, crew, and repairs are written off as “business expenses.” 5️⃣ Lux