Speculation/Vacancy Tax - Declarations in the Mail


The unpopular speculation and vacancy tax is an annual tax potentially paid by owners of residential properties in specific regions of B.C. The tax is supposed to be designed to discourage housing speculation and people from leaving homes vacant in B.C.'s major urban centres. We all know it is affecting many more people that what the tax was designed to deal with.

Well here is the update from the tax man on the "Speculation Vacancy Tax" 
 
According to the BC Government, the speculation and vacancy tax declaration period is now open.
 
Declaration letters begin mailing this week. You'll need your letter before you can declare.
 
Check out their website at https://gov.bc.ca/spectax to find out when you can expect your letter, what to do if you'll be away and for help declaring.
 
Hope that this information is of value to you and if you have anything I can assist with drop me an email at ann@annwatley.com
Comments:
No comments

Post Your Comment:

Categories
NOTE: MLS® property information is provided under copyright© by the Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification. This website may only be used by consumers for the purpose of locating and purchasing real estate.