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New Legislation Hoped to Lower Rate of Timeshare Relief Seekers

Many timeshare owners are seekingTimeshare Relief timeshare relief for various reasons. Some timeshare owners are not able to enjoy their one week timeshare accommodation. Most of them are not available for a vacation and others have just grown tired of coming to the same timeshare spot every vacation. The latter reason leads to the popularity of timeshare exchange.

Timeshare exchange was established to allow timeshare property owners experience other timeshare vacation spots. With this program, the timeshare owners are given an option to avail of their one week vacation over their timeshare property or opt for another location. Once they choose to go for a timeshare exchange, their timeshare experience is made more exciting. It then makes them feel that their timeshare investment is worth the price they pay.

However, with the economic crisis, timeshare owners have grown concerned over the expenses they pay for their timeshares. As much as they can, they try to limit their spending. So, when they avail of timeshare exchange, they consider the tax expenses that they will incur.

In Florida, a new legislation was enacted to protect timeshare owners over unwanted tax expenses. HB 61 assures timeshare owners that timeshare exchange-related expenses are tax-free. Aside from that, the law also systematizes taxation of transient accommodations at timeshare resorts and makes available "Debt-Cancellation" products to purchasers to timeshare owners. With these provisions, the market can probably see a decrease in the rate of people who want to avail of timeshare relief.
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