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Disney Timeshare Resale Owners to Get Tax Credits

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Posted on May 19, 2021

Certain Disney timeshare resale buyers who purchased their DVC points after 2014 could qualify for a tax credit on their account. According to a report on DVCNews.com, Disney is sending emails to the affected Disney resale owners who may fall into this category, which involves a miscalculation on estimated property tax collections.

In order to collect annual property taxes on Disney timeshares, Disney estimates the amount of tax needed for a particular ownership – similar to the way a mortgage lender estimates escrowed tax collections. Later in the year when the county sends the property tax bill to Disney, the taxes are paid from the estimated amount collected, and later adjusted for the owner based on whether Disney overestimated or underestimated the amount.

For Disney Vacation Club timeshare buyers who purchased on the resale market from 2014-2019, Disney realized that some buyers did not receive credit for overestimated taxes in the year in which their timeshare points were purchased. Hence, the need for the correction.

Disney will be crediting affected owners for the amount of the overpayment either on their 2022 statement or on their next monthly payment, depending on how the owner pays their annual fees.

Disney Theme Parks Now Maskless Outdoors

Several Florida theme parks, including Disney World parks, have adjusted their COVID-related mask requirements and no longer require masks to be worn while outdoors. The change follows adjusted CDC recommendations and comes just in time for Disney timeshare owners to hit the parks during the hot summer travel season.

Disney stated that guests will still need to wear masks when indoors, including ride lines and restaurants, and while using park transportation. The new rules apply regardless of a guest’s vaccination status and comes after Disney recently discontinued temperature checks for guests last week.

Other Orlando-area theme parks such as Universal Orlando and SeaWorld have also announced that guests no longer need to wear a mask while outside. One notable difference in the SeaWorld policy, which also applies to Busch Gardens in the Tampa area, is that vaccinated guests do not need to wear a mask at all regardless of their location in the parks. Proof of vaccination will not be required.

The changes only apply to Florida parks, as California parks such as Disneyland and Universal Studios Hollywood still require wearing masks and social distancing protocols.

Westgate Park City Honored as Best Ski Resort

The Utah Best of State Awards have been announced and Westgate Park City Resort & Spa has been recognized as the Best Ski Resort in Utah for 2021. In all, the resort won eight awards spanning travel, tourism, hospitality and dining categories, with the resort’s Edge Steakhouse, Drafts Burger Bar and Serenity Spa by Westgate all receiving accolades.

The Westgate Park City timeshare resort offers a ski-in/ ski-out location at the base of Canyons Village at Park City Mountain. With onsite ski and snowboard rental, complimentary ski valet service plus indoor and outdoor heated pools to soak away any aches and pains from the slopes, this is an excellent choice for annual ski getaways.

Winners are selected from an independent panel of judges from across the state who volunteer to participate in the program. Judges are recommended either by the Utah Chamber of Commerce, an industry association, or through one of the Utah mayor's offices.

Pueblo Bonito Mazatlan Completes Major Renovation

A $27million renovation has just been completed at the Pueblo Bonito Mazatlan, with upgraded timeshare suites, restaurants and pools giving a major lift to this destination resort on the Pacific coast of Mexico.

As the flagship resort in the luxurious Pueblo Bonito family of timeshare resorts, Pueblo Bonito Mazatlan has remodeled all 248 suites while also adding a new restaurant and oceanfront bar and renovating the existing onsite restaurants. The resort also provides onsite COVID testing facilities to abide by the latest CDC requirements for returning US residents to be tested prior to returning to the States.

Changing COVID-related Requirements for Caribbean Travel

Several Caribbean destinations have reduced their COVID-related travel restrictions, which is good news for travelers looking to vacation in a Caribbean timeshare.

Vacationers who have been vaccinated for COVID will no longer need to provide a negative COVID test when traveling to the Bahamas, either for entering the country or any inter-island travel.  Travelers must have been fully vaccinated at least two weeks out from arrival and still need to register with the Bahamas Travel Health Visa program prior to entry.

Unvaccinated travelers still need to provide a negative COVID test to enter the Bahamas, but quarantine restrictions have been lifted for both vaccinated and non-vaccinated visitors.

For visitors to the British Virgin Islands, all visitors must show proof of a negative PCR COVID test when entering the country, take another test upon entry and proceed to quarantine. Vaccinated visitors will also need to show proof of vaccination but they can be released from quarantine once they receive negative results of their arrival test. Unvaccinated visitors must quarantine for a minimum of seven days.

Vaccinated visitors to St Kitts and Nevis had their quarantine period reduced to nine days, while unvaccinated visitors must still quarantine for the full 14 days. Negative PCR tests are still required for both groups upon entry, with follow up tests taken nine days into their stay. Travelers are required to stay at approved resorts, one of which is the Marriott timeshare resort Marriott's St. Kitts Beach Club, and can enjoy the resort facilities while in quarantine.

Outrigger Reef Waikiki Beach Resort Completes Phase 1 Renovation

Phase one of the $80million renovation of the Outrigger Reef Waikiki Beach Resort has been completed, with guests experiencing new condo-style suites and rooms along with a redesigned Kani Ka Pila Grille. The resort is an associate resort within the Club Wyndham program and located right on Hawaii’s famed Waikiki Beach.

Phase two of the renovation is scheduled to be completed in the fall; to include suites in the Diamond Head Tower, a new cultural center, Kid’s Club and wellness center.

Going to Hawaii? Think U-Haul – Seriously

While the idea of hiring a U-Haul for a Hawaii vacation may sound ridiculous, especially since these are islands we’re talking about – think again.

Fallout from the COVID shutdown hit the rental car market especially hard, with companies selling off much of their car inventory just to stay solvent. Now that the leisure travel market is rebounding – and rental cars are scarce – visitors to Hawaii have pivoted to renting U-Haul vehicles to get around while on the islands.

Rental car prices in Hawaii are at a crazy premium, reportedly costing as much as $700 a day on Maui, so vacationers are renting whatever U-Haul vehicles they can get, from box trucks to vans and pickup trucks. So much so that there is a storage of vehicles for Hawaii residents who actually need to move their belongings.

We’ve heard stories of timeshare owners pulling up to their timeshare with moving trucks thinking they can actually move into their new unit. Now, the idea of a U-Haul truck pulling up to a timeshare resort isn’t as strange as it sounds.

Author

Author Pic
Steve Luba
Chief Communications Officer
Steve manages the public relations and content creation efforts of the company. Previously the Chief Operating Officer for Perspective International, Steve provided oversight and contributed articles for the five regional vacation ownership trade magazines under the Perspective Magazine banner. With 34 years’ experience in various roles in radio and television, sales and marketing, public relations, media and government liaison initiatives, he brings a well-rounded outlook to our industry.