Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Does the bulk sale law apply to the sale of interests in time shares?

April 26, 2017bulk Law sale Shares time

0

Posted

Does the bulk sale law apply to the sale of interests in time shares?

1 Answer

0

Posted

A. If the time share is being used to obtain rental income, then its sale, when not being made in the ordinary course of business, falls within the requirements of the bulk sale law. Again, if in doubt, the buyer should file a C-9600 form with the Division in a timely manner to ensure protection against liability for the seller’s tax debts.