Massive depreciations on the timeshare industry coupled with recurring maintenance fees have prompted many timeshare owners to seek relief for their timeshare conundrum. The most desperate owners even go so far as donating their timeshares to anyone willing to receive such properties although usual donations are granted to charitable institutions. Donating timeshares is increasingly more prevalent of late due to the difficulty in selling timeshares to the open public. Still, probable timeshare donors should be aware of certain details connected with the donation of timeshare properties.

Donated timeshares carry with them the existing liabilities of the specific timeshare property donated. Thus, donees should be conscious to the fact that they will bear the burden of chronic maintenance fees and other charges associated with timeshare ownership. This is on top of any outstanding loans connected with the donated timeshare property. Charitable institutions are wary of donated timeshare liabilities hence the conduct of market analysis prior to accepting charitable timeshare donations.

Many timeshare owners donate their timeshare properties by reason of the tax deductions resulting from such an act. Still, timeshare owners must be aware that tax deductions by reason of donated timeshare real estate have legal limitations. In the United States, the maximum allowable deduction for donated timeshare property will be its fair market value at the time of the donation. However, the fair market value of the timeshare property is considered only if its value does not exceed $5,000. Consequently, timeshare owners should be aware of such issues before getting rid of their timeshares through donation.