What are the Tax Considerations with Fractional Ownership?
Fractional ownership is the same as ownership of any other real estate – whether you own a percentage or own the entire property outright. You enjoy potential appreciation, depreciation, interest and expense deductions, as you do with your primary residence. At your discretion, you may sell your share of the property, gift it, or leave it to someone in a will. Your tax advisor will be better suited to provide specific details and advise what your individual tax circumstances may offer. May I Purchase more than One Share? Yes, you may purchase more shares to allow you and your family more frequent use of your vacation home. Are there Legal Agreements? Coeur d’Alene Luxury Properties, along with our attorney, we will develop a comprehensive set of legal documents for its properties. With Coeur d’Alene Luxury Properties, you don’t need to convince six or seven friends to buy a share in your dream vacation home. You also avoid having to develop the legal documentation package to ensure aga
