You should also be aware the if the previous owner lied to City of Vancouver's empty home declaration form, you are LIABLE for the $10,000/day penalty if the city audit and found the declaration to be false. The declaration is tied to the property, not the owner. Thus, the new owner is LIABLE.
You should also be aware the if the previous owner lied to City of Vancouver's empty home declaration form, you are LIABLE for the $10,000/day penalty if the city audit and found the declaration to be false. The declaration is tied to the property, not the owner. Thus, the new owner is LIABLE.
You should also be aware the if the previous owner lied to City of Vancouver's empty home declaration form, you are LIABLE for the $10,000/day penalty if the city audit and found the declaration to be false. The declaration is tied to the property, not the owner. Thus, the new owner is LIABLE.
Good luck!
这个律师会take care吗？ 不然我怎么知道他lie不lie的啊？
That's just it, no one except the owner really knows. The city can go back and audit the last 3 years. So let's use an example of person B bought from person A in 2022, and person A has always declared the house as primary residents for full time occupancy in 2019, 2020, and 2021. Now in 2023, someone phoned the city tip line saying person A lied on his declaration form for 2020 and 2021, and provided some proof and the city decides to audit. The audit will mail the current owner of the residence for proof that the residence was used as primary residence. How would person B, the new owner, possibly provide proof? Person B might not even know how to contact person A. Even if person B can, and person A did lied, why would person A provide any help in that case?
The city of Vancouver can't, and likely too lazy, to go after person A. Nor can they just let it slide because then it would mean the empty home tax is almost toothless. So any fine they slap would be against the property which is now owned by person B and therefore liable to pay the fines.
Off course, person B can try to take city to court over it, but that's a lot of $$$ & hassle & time.
City of Vancouver currently doesn't provide a Clearance Certificate like CRA do for taxes payable. It might in the future, who knows. However, how much do you trust the city gov't to do the right thing, and be competent in this when they can put a lien of $10K per DAY penalty on a house!
You should also be aware the if the previous owner lied to City of Vancouver's empty home declaration form, you are LIABLE for the $10,000/day penalty if the city audit and found the declaration to be false. The declaration is tied to the property, not the owner. Thus, the new owner is LIABLE.
Good luck!
这个律师会take care吗？ 不然我怎么知道他lie不lie的啊？
That's just it, no one except the owner really knows. The city can go back and audit the last 3 years. So let's use an example of person B bought from person A in 2022, and person A has always declared the house as primary residents for full time occupancy in 2019, 2020, and 2021. Now in 2023, someone phoned the city tip line saying person A lied on his declaration form for 2020 and 2021, and provided some proof and the city decides to audit. The audit will mail the current owner of the residence for proof that the residence was used as primary residence. How would person B, the new owner, possibly provide proof? Person B might not even know how to contact person A. Even if person B can, and person A did lied, why would person A provide any help in that case?
The city of Vancouver can't, and likely too lazy, to go after person A. Nor can they just let it slide because then it would mean the empty home tax is almost toothless. So any fine they slap would be against the property which is now owned by person B and therefore liable to pay the fines.
Off course, person B can try to take city to court over it, but that's a lot of $$$ & hassle & time.
City of Vancouver currently doesn't provide a Clearance Certificate like CRA do for taxes payable. It might in the future, who knows. However, how much do you trust the city gov't to do the right thing, and be competent in this when they can put a lien of $10K per DAY penalty on a house!
You should also be aware the if the previous owner lied to City of Vancouver's empty home declaration form, you are LIABLE for the $10,000/day penalty if the city audit and found the declaration to be false. The declaration is tied to the property, not the owner. Thus, the new owner is LIABLE.
Good luck!
这个律师会take care吗？ 不然我怎么知道他lie不lie的啊？
That's just it, no one except the owner really knows. The city can go back and audit the last 3 years. So let's use an example of person B bought from person A in 2022, and person A has always declared the house as primary residents for full time occupancy in 2019, 2020, and 2021. Now in 2023, someone phoned the city tip line saying person A lied on his declaration form for 2020 and 2021, and provided some proof and the city decides to audit. The audit will mail the current owner of the residence for proof that the residence was used as primary residence. How would person B, the new owner, possibly provide proof? Person B might not even know how to contact person A. Even if person B can, and person A did lied, why would person A provide any help in that case?
The city of Vancouver can't, and likely too lazy, to go after person A. Nor can they just let it slide because then it would mean the empty home tax is almost toothless. So any fine they slap would be against the property which is now owned by person B and therefore liable to pay the fines.
Off course, person B can try to take city to court over it, but that's a lot of $$$ & hassle & time.
City of Vancouver currently doesn't provide a Clearance Certificate like CRA do for taxes payable. It might in the future, who knows. However, how much do you trust the city gov't to do the right thing, and be competent in this when they can put a lien of $10K per DAY penalty on a house!
正常的律师事务所在房屋交易的程序里会要有一份 BC online 的 title search, 这份 title search 会显示屋主（们） 在本省行政区域内所拥有的所有物业，汽车，和公司。公司的注册地址。 很多资料一目了然。同时也会联络物业所在城市的市政府调取物业税的缴费记录。
一直以来，non resident 卖家在卖出物业的时候， 律师事务所会withhold 一个比例的金额在trust account 里面做为capital gain property tax.
自从2001 年以后 所有物业买卖双方都要本人或代理人在房屋买卖中出具有效的身份证件，并拷贝留份。
买卖物业最好找专业的律师事务所或公证处办理手续。 很多东西不是越便宜越好， title insurance, title certificate, title search, clearance certificate, form A, form B, form C, insurance binder ...etc.. 这些律师事务所和公证处都要付费.
正常的律师事务所在房屋交易的程序里会要有一份 BC online 的 title search, 这份 title search 会显示屋主（们） 在本省行政区域内所拥有的所有物业，汽车，和公司。公司的注册地址。 很多资料一目了然。同时也会联络物业所在城市的市政府调取物业税的缴费记录。
一直以来，non resident 卖家在卖出物业的时候， 律师事务所会withhold 一个比例的金额在trust account 里面做为capital gain property tax.
自从2001 年以后 所有物业买卖双方都要本人或代理人在房屋买卖中出具有效的身份证件，并拷贝留份。
买卖物业最好找专业的律师事务所或公证处办理手续。 很多东西不是越便宜越好， title insurance, title certificate, title search, clearance certificate, form A, form B, form C, insurance binder ...etc.. 这些律师事务所和公证处都要付费.
However, with respect to empty home tax, there is absolutely nothing you can do to ensure the city wouldn't do an audit going back 3 years and potentially nail you with the $10,000/day penalty right now. Maybe the city will come out with something like CRA's Clearance Certificate in the future, or empty home tax goes away. But right, there is no legal protection / insurance for the new buyers.
However, with respect to empty home tax, there is absolutely nothing you can do to ensure the city wouldn't do an audit going back 3 years and potentially nail you with the $10,000/day penalty right now. Maybe the city will come out with something like CRA's Clearance Certificate in the future, or empty home tax goes away. But right, there is no legal protection / insurance for the new buyers.
论坛通告:
个人空间:
论坛转跳:
赞 
花篮 
投诉
踩 
分享
