• The TUGBBS forums are completely free and open to the public and exist as the absolute best place for owners to get help and advice about their timeshares for more than 30 years!

    Join Tens of Thousands of other Owners just like you here to get any and all Timeshare questions answered 24 hours a day!
  • TUG started 31 years ago in October 1993 as a group of regular Timeshare owners just like you!

    Read about our 31st anniversary: Happy 31st Birthday TUG!
  • TUG has a YouTube Channel to produce weekly short informative videos on popular Timeshare topics!

    Free memberships for every 50 subscribers!

    Visit TUG on Youtube!
  • TUG has now saved timeshare owners more than $24,000,000 dollars just by finding us in time to rescind a new Timeshare purchase! A truly incredible milestone!

    Read more here: TUG saves owners more than $24 Million dollars
  • Sign up to get the TUG Newsletter for free!

    Tens of thousands of subscribing owners! A weekly recap of the best Timeshare resort reviews and the most popular topics discussed by owners!
  • Our official "end my sales presentation early" T-shirts are available again! Also come with the option for a free membership extension with purchase to offset the cost!

    All T-shirt options here!
  • A few of the most common links here on the forums for newbies and guests!

Non U.S citizen renting through Redweek

Cyberc

Cyberc

TUG Member
Joined
Jul 16, 2014
Messages
2,139
Reaction score
672
Location
Denmark
Hi tuggers

I'm considering renting a week of mine through Redweek.

I'm considering using the verified and protected option which allows for online booking but I won't get paid until two days after checkin.

As the title says I'm a non U.S citizen and what I can't seem to figure out, is if Redweek will withhold 30%-40% of the rental cost to cover any tax' owed to the IRS? If they do is it easy peasy to reclaim some of it after paying what is required?

If reclaiming is the same hassle as reclaiming the FIRPTA tax, then it might not be worth it.

regards
 
I don't think they withhold income tax. That is what I was told by a redweek cs agent. I decided to continue to rent on my own just in case the rep was mistaken.
 
I've rented a timeshare through Redweek. The check they send you does not withhold any type of taxes. They will send you the full value of your rental less their fees - like $100.00.
 
The threshold for reporting is supposed to be $600. Although not all businesses bother.

As a non-US resident, who makes less than $12000 per year from US sources, you can tear such paperwork up. That being said, renting timeshares is the worst way to use them.
 
There is a tax treaty between USA and Canada. And a form that the IRS provides that you can fill out as a non-citizen...I think it is a W-8BEN, but I am not sure. But I have no idea why redweek would be withholding taxes anyway. I don't use verified because of the cancellation and payment...way to many ways for you to be left holding the bag with a late cancellation.
 
Thanks everyone.

Among others I own at Grandview and they offer to rent my ownership through them but they withhold part of the income for IRS. That got me to research if Redweek did the same but I can't seem to find if they do or not.

Btw im based out of Europe.
 
byeloe said:
I don't think they withhold income tax. That is what I was told by a redweek cs agent. I decided to continue to rent on my own just in case the rep was mistaken.
Click to expand...

curitiba_tapley said:
I've rented a timeshare through Redweek. The check they send you does not withhold any type of taxes. They will send you the full value of your rental less their fees - like $100.00.
Click to expand...
Are you guys U.S based or non U.S based?

My understanding is that its only for non U.S based owners that there might be some withholding.

/C
 
US based
 
My Whistler BC TS withholds BC taxes from my rental income if I use them to rent my Whistler TS.
 
You must log in or register to reply here.
Top