Monday, 21 January 2019

Submit your Empty Homes Tax declaration by February 4, 2019

 Vancouver-Realtor-CarmenLeal.ca


Must submit your 2018 property status declaration by February 4, 2019.
Only one declaration is required per property.


Each year, every owner of residential property in Vancouver is required to submit a property status declaration to determine if their property is subject to the Empty Homes Tax.
Failure to declare by February 4, 2019, will result in your property being deemed vacant and subject to a tax of 1% of its assessed taxable value.
 There will be no extended declaration submission deadline in 2019.
  1. Jan 1, 2018
    Start of tax year
  2. Dec 31, 2018
    End of tax year
  3. Feb 4, 2019
    Declaration deadline



The information you provide on your declaration will determine if your property is subject to the Empty Homes Tax for this period.

Before you begin your declaration

Your declaration should take approximately five minutes to complete.
You may give permission for someone to submit your declaration on your behalf. 
What you will need:
 Ensure you full fill the requirements of your property status at the time you declare.

Audit process

Property status declarations will be subject to an audit process, in line with best practices for provincial and federal tax programs. If your property is selected for an audit, you will be asked to provide evidence in support of your declaration.
False declarations will result in fines of up to $10,000 per day of the continuing offense, in addition to payment of the tax.

_______________________________________________



Are you interested in selling or buying your home in the next few months? Work with award winning realtor, Carmen Leal and her team that specialize in Real Estate Vancouver and have qualified Buyers that are looking for a home in your area! 604.218.4846 & www.carmenleal.ca



    This communication is not intended to induce breach of existing listing agreement.

No comments:

Post a Comment