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1. www2.gov.bc.ca › how-tax-works › taxable-areasTaxable areas for the speculation and vacancy tax - Province ...

   www2.gov.bc.ca › how-tax-works › taxable-areas

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   Jul 17, 2024 · New for 2025 - Speculation and vacancy tax expansion. The following taxable areas are new for the 2024 tax year. Residential property owners in these new areas will declare for the first time in January 2025, once they have received their declaration letter: City of Courtenay. City of Kamloops.

   • Terms and definitions for the speculation and vacancy tax - Gov

     For the purposes of the speculation and vacancy tax...

   • Buying and selling a home - Province of British Columbia

     Speculation and vacancy tax. The speculation and vacancy tax...

2. www2.gov.bc.ca › gov › contentTerms and definitions for the speculation and vacancy tax - Gov

   www2.gov.bc.ca › gov › content

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   Jul 10, 2024 · For the purposes of the speculation and vacancy tax declaration, use income from the year before the speculation and vacancy tax year. For example, if you’re declaring in 2024 for the 2023 speculation and vacancy tax year, use income earned in 2022. Unreported income. See untaxed worldwide earner for a detailed definition of unreported income.

3. www2.gov.bc.ca › gov › contentBuying and selling a home - Province of British Columbia

   www2.gov.bc.ca › gov › content

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   1 day ago · Speculation and vacancy tax. The speculation and vacancy tax is an annual tax based on how owners use their residential properties and is designed to turn vacant homes into housing for people in British Columbia. Property owners located in designated taxable areas in B.C. must complete a declaration for the speculation and vacancy tax every year.

4. globalnews.ca › news › 10612349‘We’re all drowning’: Inside the chaos of Toronto’s vacant ...

   globalnews.ca › news › 10612349

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   Jul 15, 2024 · 4:40 What is vacancy tax and how can it change Toronto’s housing market? Less than an hour later, Longarini replied that the decision to have in-person staff dedicated to the vacant home tax ...

5. london.ctvnews.ca › over-400-empty-homes-in-londonVacancy tax on London homes not viable | CTV News

   london.ctvnews.ca › over-400-empty-homes-in-london

   Jul 17, 2024 · 1 / 1. Advertisement. A consultant’s study has poured cold water on London city council’s idea to charge an additional tax on vacant homes. On Wednesday, the Corporate Services Committee (CSC ...

6. www.leaguelaw.com › posts › speculation-and-vacancySpeculation and Vacancy Tax Exemptions for Estates and ...

   www.leaguelaw.com › posts › speculation-and-vacancy

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   Jul 8, 2024 · The BC government first introduced the BC Speculation and Vacancy tax in 2018 to incentivize homeowners to occupy their vacant properties. The tax also aims to generate revenue for housing initiatives, ultimately creating a more affordable housing market. Recently, the province has introduced legislation to expand the tax to more communities in BC.

7. People also ask

   What is the speculation and vacancy tax?

   • The Speculation and Vacancy Tax aims to reduce the number of residential properties that sit vacant. In British Columbia, institutional and foreign investors in real estate have gained a reputation for leaving properties empty. Until recently, the Speculation tax only applied to residential properties in the following areas:

   Speculation and Vacancy Tax Exemptions for Estates and Trustees

   www.leaguelaw.com/posts/speculation-and-vacancy-tax-exemptions-for-estates-and-trustees/

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   What is BC speculation & vacancy tax?

   • The BC government first introduced the BC Speculation and Vacancy tax in 2018 to incentivize homeowners to occupy their vacant properties. The tax also aims to generate revenue for housing initiatives, ultimately creating a more affordable housing market. Recently, the province has introduced legislation to expand the tax to more communities in BC.

   Speculation and Vacancy Tax Exemptions for Estates and Trustees

   www.leaguelaw.com/posts/speculation-and-vacancy-tax-exemptions-for-estates-and-trustees/

   See all results for this question

   What is a vacant home tax?

   • The city’s vacant home tax was brought in at the end of 2021 to try and push investors to either sell empty homes or put them on the rental market. If their home was deemed vacant, they would face an extra tax. Administering it ran into issues this year.

   ‘We’re all drowning’: Inside the chaos of Toronto’s vacant home tax roll…

   globalnews.ca/news/10612349/vacant-home-tax-toronto/

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   What is vacant residential land tax?

   • If your residential property was vacant for more than 6 months in the preceding calendar year, you may be subject to vacant residential land tax. Vacant residential land tax (VRLT) may apply to residential land that is vacant for more than 6 months in the preceding calendar year. Residential land includes:

   Vacant residential land tax | State Revenue Office

   www.sro.vic.gov.au/vacant-residential-land-tax

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8. sro.vic.gov.au › vacantVacant residential land tax | State Revenue Office

   sro.vic.gov.au › vacant

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   Jul 10, 2024 · Vacant residential land tax (VRLT) may apply to residential land that is vacant for more than 6 months in the preceding calendar year. Residential land includes: land with a home on it land with a home which is being renovated or where a former home has been demolished and a new home is being constructed land with a home on it that has been uninhabitable for 2 years or more.