If the property is under audit, complaint or review, will the tax certificate indicate that the property is undergoing each process and will the potential liability be displayed? The potential liability will reflect the levy amount based upon the current assessed value of the property and any other levies, penalties or miscellaneous charges.

declared vacant or undeclared (deemed vacant).

If a declaration is not submitted by the due date, the property will be deemed vacant and subject to the Vacancy Tax, so this is a recommendation wherever possible.Īfter the declaration period closes, the tax certificate will indicate if a property is: During this period an undeclared property will remain in pending status and the tax certificate will warn: “A declaration must be submitted prior to the completion of sale of this property otherwise the property will be deemed vacant and subject to the Vacancy Tax”. If a property status declaration was made during the declaration period, the tax certificate will indicate if a property is declared occupied, declared exempt or declared vacant.

Will there be any indication on the tax certificate of whether or not a property status declaration has been made for the property? There is general information about the Empty Homes Tax on the tax certificate header, however the details provided on the tax certificate will be specific to the declared property status, amount owing, any potential liabilities and whether the declaration is under audit, complaint, or review.

Will there be any indication on the tax certificate that the property is eligible for the transfer of property exemption if the property is sold during the vacancy reference period? *Note: a property may be audited up to two years after the vacancy reference period. whether a complaint has been submitted.whether the property was selected for an audit*,.amounts for levy, penalty, payment and adjustment amounts,.if a declaration has been submitted, the declared status of the property,.whether a declaration has been submitted,.The tax certificate will include the following: What information will be on the tax certificate with respect to the Empty Homes Tax? Note This information reflects the changes to the tax certificate’s Empty Homes Tax section as of January 25, 2018. There is no exemption for property that is empty solely because it is listed for sale. If a property was unoccupied for more than six months of the year solely because it was listed for sale, the Empty Homes Tax will apply however, the registered owner is still required to submit a property status declaration. If a property was empty because it was listed for sale and was not sold, will the Empty Homes Tax apply? The exemption does not apply to properties that were issued a new Land Title Number solely because of a name or address change. The use of “transfer” is based on the definition of “transfer” in the Land Title Act, being a conveyance, a grant, and an assignment. The registered owner is still required to submit a property status declaration and declare that this exemption applies. The Empty Homes Tax will not apply to residential properties where the legal ownership was transferred during the reference period (the property was sold) and a new Land Title Number was issued. If the ownership of a property was transferred in the tax year, will the Empty Homes Tax apply? Note Effective for the 2019 tax year and beyond, the exemption for property transfer will be tied to proof of payment of the property transfer tax. Learn more about buying and selling property The tax certificate will show whether a declaration has been made, what has been declared and whether there is a tax liability. As the property status declaration is for the prior vacancy reference year, only the vendor will have knowledge of the property’s status. If the closing is between January 1 and the closing of the declaration period in February, the property status declaration should/must be made by the vendor prior to the transfer of the property.If the closing is between the opening of the declaration period in November and December 31 of the vacancy reference year, it is recommended that the property status declaration be made by the vendor prior to the transfer of the property.For purchase and sales of residential properties in Vancouver that are closing during the declaration period (November to February):

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