Vancouver’s Empty Houses Tax Prompts Audits, Name To Finish Types

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VANCOUVER — The Metropolis of Vancouver has launched its empty houses tax audit system meant to make sure residents are complying with this system.

The deadline for owners to declare if their residence is empty is Feb. 2, however the metropolis says it has already despatched out notices requesting that some property homeowners present proof to assist their declaration.

Mayor Gregor Robertson says in a information launch that the tax encourages one of the best use of all housing within the metropolis and can enhance the rental provide for individuals who dwell and work in Vancouver.

To date, 55 per cent of all property homeowners have accomplished their kind telling town if their house is lived in or empty.

Property homeowners who don’t declare by the deadline can have their houses declared vacant, shall be fined $250 and must pay the tax at a price of 1 per cent of the properties assessed taxable worth.

The mayor stated in November that the tax might put as many as 25,000 empty models again on the rental market.

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