US Cross-Border Tax Blog

Published by W.L. Dueck LLP

Posts filed under ‘BC Speculation and Vacancy Tax’

Steven Flynn

British Columbia Speculation and Vacancy Tax

To prevent housing speculation in British Columbia and help turn vacant homes into rentals in its overheated market, the BC provincial government recently implemented the BC Speculation and Vacancy Tax on residential property located in certain areas of British Columbia. Where does the British Columbia Speculation and Vacancy Tax Apply? New for 2018, owners are subject to a tax of 0.5% of the assessed value of the property as of July 1, 2018, with the tax rate rising up to… Read More