Quantcast Sales tax when renting points??
 
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Results 1 to 8 of 8
  1. #1
    Join Date
    Dec 2005
    Location
    Minnesota
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    1,483
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    Default Sales tax when renting points??

    This might be a silly question. Not a DVC owner, although I seem to contemplate it annually, but just can't quite justify pulling the trigger on it right now.

    Anyhow, for our next trip (not yet scheduled) I would like to make our first foray into the Deluxe categories (up to now only moderates and of late only POR as a family of 5) and renting DVC points seems like an attractive option.

    What I'm wondering is, lets say, for easy math, I rent 200 points at the Timeshare Store for $10 a point for a one week stay, so that's $2,000. Is there any sales tax implications?

    Staying on property at the resorts its easy to think, ok, $200 a night for 7 nights, so lets budget $1400, but then you forget, oops, basically add on another 12% for sales and resort taxes.

    Just wondering, is this something I would have to budget for in renting points, or is it simply I buy 200 points and that's it.

    For DVC owners, is that one of the sort of hidden advantages, when you book using DVC points you don't have to figure in sales and resort taxes?

    As you can tell, I'm the one that has to set up the Disney budget for the family.

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  3. #2
    Join Date
    Jul 2001
    Location
    Florida
    Posts
    40,875
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    Default

    I'm not sure how things work when renting - but when booking a resort using points as an owner, the booking if for x number of points and that's it - no additional money to be paid when you arrive.

    The one exception to this is when you use points at Aulani in Hawaii. There is an additional tax that needs to be paid there but the amount is quite small.
    Linda aka: Faline
    INTERCOT Staff: Vacation Planning,Trip Reports and Disney Camping
    [email protected]

  4. #3
    Join Date
    Apr 2009
    Location
    Greenville, SC
    Posts
    965
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    Default

    I was under the impression that sales tax is only for sales, not rentals. If you're not buying, only renting, is there a "sales" tax? I worked at a video store when I was in college, and part of our script when signing people up said, "There's no sales tax, because you're renting, not buying." But that was in Alabama. Florida might have different rules.

    Sorry I can't help, OP. We're DVC owners, so we just call & book with points. Have you considered buying through resale? That's how we've collected all 350 of our points. Saved a bundle!
    1994 PO
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  5. #4
    Join Date
    Jun 2000
    Location
    England
    Posts
    14,838
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    Default

    I have rented out spare points a few times. No-one has said they were asked for more money and how would you do a % tax on points? I can't find it in black and white but I am pretty sure you don't pay sales tax on top.
    Mikki
    INTERCOT staff - DVC, Characters, Collectibles and Games

    2017 Feb WDW Festival of Art and hopefully winter sunshine
    2017 Aug Disneyland bound

  6. #5
    Join Date
    Aug 2008
    Location
    Morristown NJ
    Posts
    7,146
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    If the transaction is done through a US broker the owner of the points is responsible to declare the income but the person using the points has no tax implications.
    - Lynn -
    INTERCOT Staff: Theme Parks, DVC

  7. #6
    Join Date
    Aug 2002
    Location
    Bristol, CT
    Posts
    1,505
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    Default

    What you rent per point is what you rent per point. No extra is added. If you rent from an out of the US (ex :Canada) your credit card may charge you an international fee. Not so with the Timeshare store (which is local).
    First trip May 1996 and many since
    DVC Owner BWV
    Next trips 2015 : March SSR, May-AKLV& Poly Oct- BWV & Dec- BCV

  8. #7
    Join Date
    Aug 2004
    Location
    Martinsburg, WV
    Posts
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    We recently needed extra points for a stay. I rented them through the Timeshare Store and paid a flat fee per point. If there were taxes that was taken care of by the Timeshare Store. Easy, easy.
    KAY

    DVC MEMBER - OKW & HHI
    First trip to WDW - Dec, 2005
    Last visit to Disneyland - 2014

    First trip to Disneyland - 1955

  9. #8
    Join Date
    Jan 2005
    Location
    Westerly,R.I.
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    How much does the Timeshare Store charge per point? I've been using a very good service from Canada(twice) but I'd love to give my business to an Intercot sponsor instead.I didn't realize that they rented out points.Is the process easy?
    Poly10/75
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