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Fractional Ownership.com |
Fractional Jet Ownership | FractionalOwnership
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Fractional
ownership is owning a % of exotic items such as yachts, private
jets and automobiles.
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Fractional Ownership Information:
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Fractional Ownership
is the practice of dividing an
expensive asset into percentage shares and selling those shares to
individual owners. Investing Search Engine
A fractional share gives an owner certain privileges, such as a
number of hours, days, or weeks of using the asset, and may also offer a
share of income from the asset.
Typically, a company manages the asset on behalf of the owner, and
owners pay fixed fees for the management in addition to variable
(per-hour/per-day, etc.) fees for use. |
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For
rapidly-depreciating assets, the fractional ownership
management company may sell the asset after a fixed number of years and
distribute the proceeds back to the owners (who can then register a
capital loss and purchase a fraction of a new asset if they wish).
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| There is some debate
about whether fractional ownership provides a financial
advantage over renting. Some countries and regions have tax laws
that provide additional benefits for owners, such as capital-loss
allowances, while others might penalize ownership over renting.
The popularity of the term
fractional ownership has caused extensive rebranding in other
industries where similar concepts, such as the timeshare of real
estate, were already well established. For example, Donald Trump has
been a pioneer in offering fractional ownership of investment
properties in New York.
Similarly, companies such as
Intrawest offer fractional ownership of vacation properties.
Fractional ownership is also beginning to appear for luxury items
such as yachts and high-end sports cars.
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Sources: Wikipedia, Company press releases and
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