One more question about if DVC is right for us..

[HFC1969]

As from the previous thread...Previous Thread

We agreed that it is cheaper to pay cash for our stays because we like the deluxe hotels. We appreciate everyones help and responses.


My last question is a bit touchy and we are discussing it with our CPA... But who has purchased their DVC properties through a business? Are there right off possibilites? Expenses right offs for the fees? Not looking for specifics... but looking for items to bring up when discussing with the CPA in a week or two. Thank you again. This board is such a wealth of knowledge.

 

[RobDoc]

Yes, DVC may be purchased via a business entity. If mortgaged, interest may be claimed and actual propery taxes may also be claimed as a deduction. Your CPA should be the best source of infromation about whether corporate ownership is a worthwhile decision. The earlier comments about how you would use the membership are still valid and may the best means to affect any final decision. If you will primarily use the membership to stay at non-DVC resorts you will likley find it to be more expensive than paying cash as you are now.

If you will be able to justify ownership thru a business entity, you can likely already write-off stays at the same resorts paying cash.

Good luck with your decision.