Timeshare, as a Donation, provides you with a terrific way to enjoy what many consider a remarkable tax deduction. If your timeshare asset has unfortunately turned into a burden rather than a benefit, in your portfolio, now is the time to consider a donation to a non-denominational Church.
Donate Timeshare to Church or Charity
Timeshare donations make sense for both individuals and corporate donors. Any equity that may be drawn from your timeshare donation helps us continue to benefit the many charitable causes we support. Universal Life Church of Las Vegas, Nevada is here to direct you to definitely those that have the professional knowledge necessary to legally effect a timeshare donation.
That gift optimizes the benefits for you, the Church, and people who are in desperate need, served by and using your generosity.
What can a Timeshare Tax break do for You?
These rules may apply when the donated real property is owned in your name, with your spouse or other persons.
It is our knowning that you can deduct the entire fair market value of the donated property. Your charitable contribution deduction is restricted to various percentages of your adjusted gross income. Excess contribution value may be carried forward for approximately five years.
Fair Market Value is most commonly based on an independent appraisal. However, IRS Publication 526 (2010) states that no appraisal is essential for property valued below $5000.00. An appraisal is needed to claim more than $5000.00. Please check your particular method of deduction together with your tax professional.
Why Donate your Timeshare to Church or Charity?
If you fall into one of the categories below, maybe you’re best Donating your Timeshare to a Church.
•You haven’t used your timeshares inside a couple of years or more.
•You’ve attempted to list your timeshare and also have found no audience.
•You’ve inherited the timeshare from a relative and don’t intend on using it.
•You’re simply moving forward from the timesharing lifestyle.
Whatever your reasons may be, our hand picked Title Transfer Agencies, most known worldwide, transfer ownership of thousands of timeshares from all over the world, every year, after year. They'll facilitate the Transfer of your dwelling to Church Ownership because they have for countless others before you.