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“Regarding tax breaks for U.S.-based yacht buyers, you can take a one-time expense deduction in the year of purchase equal to the purchase price of your yacht, up to a maximum deduction of ...
YachtWorld.com was established in March 1995. In 2000, it became part of boats.com, Inc. and in September 2004, Boats.com, Inc was purchased by Trader Publishing Company, a joint business venture of Landmark Media Enterprises and Cox Enterprises.
The two-hour private sail had views of the famous Marina Bay skyline, the uninhabited Southern Islands, and the exclusive enclave of Sentosa Cove.
Goldman Sachs filed a lawsuit at a federal court in Miami to have both yachts seized. US Marshals seized both vessels in August 2017 at a West Palm Beach marina. [8] [9] Goldman Sachs listed Natita for sale with a $39,9 million asking price. In October 2017 it was announced they had sold the yacht for $27,5 million. [10] [11]
Discover the latest breaking news in the U.S. and around the world — politics, weather, entertainment, lifestyle, finance, sports and much more.
The J/24 is sailed 27 countries and is the world's most popular one design keelboat. [ 7 ] [ 8 ] [ 9 ] As Sailboatdata described, "the J/Boats company, a family affair started with brother Bob Johnstone, is arguably the most successful producer of performance-oriented boats in the world with nearly 10,000 boats built to Johnstone designs."
The yacht was allegedly purchased by Malaysian financier Jho Low using money stolen from the Malaysian sovereign wealth fund 1MDB. It was seized by the Malaysian authorities in 2018, judicially sold to the Genting Group in early 2019, [3] and renamed Tranquility. [4] [5] It was then sold to Gabe Newell in September 2023, [6] and renamed Draak ...
Then it was sold in 1991 [6] for $20 million to Prince Al-Waleed bin Talal who renamed the yacht Kingdom 5KR. [ 3 ] [ 7 ] The yacht's latest name stems from the Prince's investment company, Kingdom Holding Company , his lucky number (5), and his children's initials ("K" and "R").
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