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New timeshare law #213581
09/27/06 02:26 PM
09/27/06 02:26 PM
Joined: Oct 1999
Posts: 77,117
oregon, spr
Marty Offline OP

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Marty  Offline OP
TIMESHARE NOTICE



A Bill has been introduced for an Act to regulate timeshare sales and accommodations activity in Belize. “Timeshare” is defined to include timeshare interests, membership vacation clubs, fractional interests, membership residential clubs, and other right-to-use time sharing plans.



The proposed Act stipulates that every developer appoint an escrow agent and that all closings be conducted through the escrow agent – meaning the deposit of funds and the execution of documents. Also, all payments of and accountings for the Act’s proposed six percent (6%) occupancy tax are to be made through the escrow agent.

Re: New timeshare law #213582
09/28/06 12:50 PM
09/28/06 12:50 PM
Joined: Apr 2000
Posts: 4,262
St Louis, Mo., USA/San Pedro
Laguna Punta Offline
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Laguna Punta  Offline
Hopefully this new bill will restrict how far time share sales people can run after newly arrived tourist. Tourist find it difficult to escape while still carrying their luggage. :rolleyes:


Gone fishing!!
Re: New timeshare law #213583
09/28/06 03:07 PM
09/28/06 03:07 PM
Joined: Mar 2005
Posts: 1,971
New Jersey & Ambergris Caye be...
2MILESNORTHOFCUT Offline
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2MILESNORTHOFCUT  Offline
They should be chained to a pole with a 2 foot chain. And must work during carnaval mad


I want to be just like Capt Jeff when I grow up!
Re: New timeshare law #213584
09/29/06 01:09 PM
09/29/06 01:09 PM
Joined: Apr 2000
Posts: 4,262
St Louis, Mo., USA/San Pedro
Laguna Punta Offline
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Laguna Punta  Offline
...on a fire ant mound!!!!


Gone fishing!!
Re: New timeshare law #213585
10/13/06 04:19 PM
10/13/06 04:19 PM
Joined: Jun 2004
Posts: 120
San Pedro
T
Tim Jeffers Offline
 
Tim Jeffers  Offline
T
Hotel tax is 9%. Why is the government subsidising time share sales and only charging 6%?

Re: New timeshare law #213586
10/13/06 04:21 PM
10/13/06 04:21 PM
Joined: Jun 2004
Posts: 120
San Pedro
T
Tim Jeffers Offline
 
Tim Jeffers  Offline
T
And what about GST? If a developer sells a condo they now have to charge/pay GST. Do time share sales have to charge GST?


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