Analysts said initiatives to promote
time-sharing will help both Dubai's tourism and real estate industries, and will attract more visitors in the family tourism segment.
Current law directs a judge to consider the needs and interests of the children first when determining a parenting plan and
time-sharing schedule.
Parents exercising substantial
time-sharing incur their own child rearing expenses when they time-share, and are duplicating payment for items already included in their child support.
The 50/50
time-sharing can be argued against in some situations, including when the safety, well-being, and physical, mental, and emotional health of the child would be endangered by equal
time-sharing.
In the years following the issuance of Statements 66 and 67, changes in the methods used by the real estate
time-sharing industry to offer its products resulted in divergent accounting practices including practices associated with revenue recognition, recording of credit losses, and the treatment of selling costs.
Matheson says that even though
time-sharing is a $6 billion industry, it's difficult to predict when a tapering off in the growth and interest will occur.
In comparison to the hotel industry, which until recently has been growing at 1 to 2 percent a year, this ongoing expansion explains the attractiveness of
time-sharing to major brand names and institutional investors.
McDowell Award and the AFIPS Harry Goode Memorial Award for his development of
time-sharing systems.
Two basic forms of
time-sharing have evolved: fee ownership and right-to-use.
As they can in most
time-sharing concepts, a family can "trade' their unit for one or more weeks with someone who owns a similar facility at another location in the United States or elsewhere around the world.
While it supports the alimony provisions, the Bar's Family Law Section is urging Scott to veto the legislation because of the
time-sharing issue.
* The AICPA Accounting Standards Executive Committee (AcSEC) issued Statement of Position (SOP) 04-2, Accounting for Real Estate
Time-Sharing Transactions, to address diversity in practice caused by a lack of guidance specific to real estate
time-sharing transactions.