5 waypoints to paradise
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Plan your course
East Coast SEAbbatical - Power
- SEAbbatical Type:Coastal
- Name:Sydney to Lizard Island
- Distance:5,340 kms / 2,882 Nautical Miles round trip
- Timeframe:3-6 months
- Experience Level:Novice
2WAYPOINT
Purchase for purpose
East Coast SEAbbatical - Power
- Details:On the Aquila 44 you will enjoy the 360 degree view from the spacious salon and galley that features a large seating area, hidden TV stowage and plenty of storage to make a live-aboard vacation easy and pleasant. Complete with our revolutionary bridge to bow direct access, the Aquila 44 is a fresh revolution of classic boating traditions.
3WAYPOINT
Profit from your boat
East Coast SEAbbatical - Power
- Charter Model:Dual Port (Sydney & Whitsundays)
- Exc GST
- Purchase Price:$1,240,000
- Percentage to Finance:70%
- Deposit Required:$372,000
- Gross Revenue:$342,364
- Estimated Holding Costs (p.a.) eg Insurance, Marina Fees etc:$32,893
- Estimated Actual Use Costs (p.a.) eg Repairs & Maintainence etc:$156,809
- Net Return (p.a.) - after all operating costs but before Interest & Depreciation:$152,662
- Estimated Return % on GST excl price:12%
- Less Yearly Finance Repayments:$151,032
- Annual Surplus or (shortfall):$1,630.00
4WAYPOINT
Prepare for the journey
5WAYPOINT
Prosper and sell
- Scenario where boat sold at end of year 5:
- Hobby Enterprise Model :Charter Boat
Small Business Taxpayer - Sale Proceeds 65% of original purchase price:$806,000.00
- Written Down Value:$711,050.00
- Depreciation Clawback:$94,950.00
- Tax Rate used:0.40
- Tax Payable (or nil if in credit):37,980.00
- Carried Forward After Tax (Cost) or Surplus:$8,150.00
- Carried Forward Running Costs over term:-
- Carried Forward (Costs) or Surplus Total:$8,150.00
- Summary:
- Plus Carried Forward Costs (Surplus) Total:($8,150.00)
- Plus Balloon payment:$347,200.00
- Plus Initial Deposit (if applicable):$372,000.00
- Less Sale Proceeds:$806,000.00
- Total after Tax cost (surplus) of boat over term:($94,950.00)