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HMRC internal manual

Business Income Manual

Measuring the profits (particular trades): land: trading transactions: timeshare schemes

The precise form of timeshare agreements differs from one scheme to another.

In general, however, the timeshare agreement will give the purchaser exclusive use of furnished accommodation for a particular week or weeks every year for an agreed number of years in return for a lump sum. There is also normally an obligation to pay an annual service charge to a management company for the duration of the agreement.