Selling DVC?

[mrs-mac]

Please could anyone give me some advice on selling our DVC contract, we are considering this at the moment. We're really unsure where to start

thanks

 

[squitty]

Hi
Maybe these could help you... http://www.dvc-resales.com/sellers.htm

 

[mikki.young]

The Timeshare store are a very helpful company. We bought a resale through them and they have a great repuation for helping sellers and buyers.

 

[Minniespal]

The Timeshare store are a very helpful company

Totally agree, we used them when we bought BCVs and they were fantastic and very professional

 

[mattnkatsmum]

I once read somewhere that there can be tax consequences of non US residents selling their DVC contracts.

Does anyone have any further info on this point?

 

[mikki.young]

I once read somewhere that there can be tax consequences of non US residents selling their DVC contracts.

Does anyone have any further info on this point?

Are you talking US or UK Tax consequences? I know they withold some of the sale money (10% I think) to be sure all taxes are up to date in US. For UK if you sold for more than you paid there may be CGT issues.

I had a booklet from The Timeshare Store not long ago - I'll see if I can find it and what it says on the tax front.

 

[mattnkatsmum]

Are you talking US or UK Tax consequences? I know they withold some of the sale money (10% I think) to be sure all taxes are up to date in US. For UK if you sold for more than you paid there may be CGT issues.

I had a booklet from The Timeshare Store not long ago - I'll see if I can find it and what it says on the tax front.

US tax laws. I can't see CGT being an issue unless you've used your CGT annual allowance elsewhere. But I remember reading, here on the Disboards, that overseas DVC owners had to pay some additional tax from which US residents are exempt. I just can't recall the detail.