Corporation Gifting Timeshare to Shareholder

[lambersalex]

I see that some have gifted the timeshare to others. Can anyone give any advice on a corporation gifting the property? I realize it would be taxable, but would it be subject to the FROR?

 

[CarolMN]

I see that some have gifted the timeshare to others. Can anyone give any advice on a corporation gifting the property? I realize it would be taxable, but would it be subject to the FROR?

Yes, it would.

Every title transfer needs a ROFR waiver from Disney. They have reportedly been pretty good about issuing waivers for transfers between family members or between an owner and his/her trust. Howver, I would think gifting by a corporation would be problematic.

I'd suggest that the corporation set a sale price that will pass ROFR, get the ROFR waiver and then "gift" the recipient the cash to purchase it.