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Fractional Ownership: New tax implications
Date: 13/01/2010
Outright ownership of a second home on a golf course or in some other luxury destination has moved beyond the vast majority. This has brought about the upswing in fractional ownership through which individuals can own a fraction or part of that dream.
Legally, fractional ownership normally takes two forms. It can be achieved through the purchaser acquiring a stake in a company which owns the property, or through the purchaser holding an undivided ...Full Article >>
Other Shareblock News
- Global Networking opportunities for delegates at HICA 2009
- Supreme court shakes up South African resort developers
- VOASA explains the benefits purchasing from one of its members
- Consumer protection top of the agenda at recent VOASA conference 2009
- DJ Syndico goes offshore
- Halogen Guides reviews your vacation ownership purchase options
- Experts set the scene for the vacation ownership market in 2009 & beyond
- Real Estate Scheme (RES) now makes ownership of real estate in Mauritius a lot more attainable
- SAAFI incorporated into VOASA
- Membership criteria for SAAFI revised
- Simola Golf Estate: the jewel of South Africa’s golf, leisure and residential estates.
- The Fractional and Shared Ownership Trade Association launch in the UK
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