A lot of people have this misconception that sales on timeshares are not taxable. But the truth is, timeshare sales still need to pay tax. The treatment of timeshares is still like any other form of real estate property. As a timeshare property is a capital asset so when you sell a timeshare and make …
Today’s timeshare industry is still growing at a fast pace, with new markets beginning to open up in Eastern Europe and Asia with integration of the already well-established older markets that are in North America and Western Europe. Timeshare is now established firmly as an important sector in the mainstream vacation market, it is a …
Vacation ownership, also called timesharing, lets you use specific weeks of a resort for a specific period of time. Simply put, it is the pre-purchase of a vacation. It’s vital that you understand that vacation ownership is a good that is bought to be enjoyed and made use of over time. A timeshare shouldn’t be …