EMPTY HOME TAX
Need Help Handling BC's Empty Home Tax?
We Can Help!
If you own a home in British Columbia but have found yourself residing elsewhere for the majority of the year due to unexpected changes or travel restrictions, you may have some questions when it comes to navigating BC’s empty home tax. Introduced in 2017, the speculation and vacancy tax is designed to help regulate the province’s competitive housing market and turn empty properties into homes for British Columbians and ensure foreign owners, specifically those with primarily foreign income contribute fairly to BC’s tax system. While the majority of full-time residents will be exempt from this tax, those who travel frequently for work or divide time between continents will be subject to a 3% tax for 2021 that is due July 2nd.
PROPERTY LAW MADE SIMPLE
If 2020 has left you scrambling to stay on top of your affairs and led to a delay in filing for the tax or left you wanting to appeal, Paperclip Law is here to help. Since 2011, we’ve partnered with clients throughout the Metro Vancouver Region, as well as the Squamish, BC area to offer legal support for a wide variety of matters, including real estate and property law, as well as commercial, estate, and more. Our team understands how important it is to have legal counsel that is as approachable as they are knowledgeable and partners closely with our clients to form longstanding relationships based on trust and expertise that you can count on.
PARTNER WITH PAPERCLIP LAW
If you need legal support when it comes to dealing with BC’s empty home tax, Paperclip Law has you covered. As a people-focused firm, you can count on us to truly partner with you to meet your legal needs. From tackling taxes to purchasing or selling a new property, we’ve got your back.