When most people think about buying a yacht and placing it in a charter program, they think their boat will be in the BVIs, Caribbean, or even in the Bahamas, and they won’t be able to use their boat very often. However, if you place your boat in a local charter program, for example, here in San Diego, Newport Beach, or Marina del Rey, you can have the tax benefits that go along with owning a boat placed into a charter program, the ability to use your boat whenever you wish, and a nice charter income to offset the costs of owning your boat.