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Renting out DVC points from uk.

Discussion in 'UK DVC Discussion' started by Hollister1, Jan 11, 2018.

  1. Hollister1

    Hollister1 Earning My Ears

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    We recently purchased dvc points at Poly while we were on holiday through Disney direct. We won't be able travel every year!

    How do we go about renting our dvc point living in uk? Are there any broker in uk who find customers for you?

    If we rent points out through US broker, 30% tax will be deducted.

    Many thanks
     
  2. Pluto80

    Pluto80 Mouseketeer

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    Why don’t you bank any you can’t use, then use them for a better room or longer trip the following year?
     
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  4. Wakey

    Wakey DIS Veteran

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    David's, it's in Canada.
     
  5. Minniesgal

    Minniesgal DIS Veteran

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    Correct me if I'm wrong but no matter where you rent them through tax will be due it's income after all
     
  6. Wakey

    Wakey DIS Veteran

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    I'd have thought so, I haven't done it so OP will obviously have to meet his/ her own tax obligations. Question was regarding a US Broker holding 30% back. David's don't do this or send a tax form as they are not a US company governed by US tax rules. 30% is a lot to hold back, as I should think dues would be offsetable.
     
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  7. MrsJobba1

    MrsJobba1 Dvc owner at BWV & SSR

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    We only go every 2 years. When we have had extra points we have rented them out via David’s Dvc Rental. We have owned dvc since 99 and have used them multiple times . Always had good service from them.
     
  8. RossK

    RossK Mouseketeer

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    We're in the UK and also Poly owners. When we purchased from Disney we had a surplus of points due to use-year ticking over a few days after purchase, so even with banking, we wouldn't have been able to use them all. We used David's without any issues at all - the points were rented within a couple of days. Very simple / straightforward process. At the time, we purchased enough points for a 2-week stay per year in a lake view around Sept-Nov time (306 points), but the last two years we've had the additional banked points from purchase so we've been able to do 3 week stays. Now we're coming to the end of our banked points after our next October stay, we'll probably add on an additional weeks worth so we can do a single 3-week stay each year (or rent them out any 'off year'). We could have just spent the whole three weeks sat out on our balcony overlooking the Seven Seas Lagoon with a cold beer in hand!!
     
  9. Hollister1

    Hollister1 Earning My Ears

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    I am also in uk & a new poly DVC member, could I kindly ask if you had to fill out USA. Tax forms or did the agent keep the 30% and dealt with all the 30% tax. I looked at the tax form online & found it daunting, I would appreciate any advice you can give me. Many thanks
     

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