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Мои дорогие Клиенты, Друзья!                                         

Ещё одна радостная новость для тех кто ещё не купил недвижимость в нашем любимом Ванкувере и его окрестностях.

Government reduces tax burden on first-time buyers

The government has announced, effective February 19, 2014, under the Property Transfer Tax (PTT) First-Time Home Buyers’ Exemption program, qualifying first-time buyers can buy a home worth up to $475,000. The previous threshold was only $425,000.

The partial exemption continues and will apply to homes/apartments which value is between $475K and $500K.

With this change, the government estimates 1,700 additional first-time buyers will annually be eligible to save up to $7,500 in PTT when they buy their home.

The government estimates this measure will cost $8 million in lost tax revenue each year.

The Real Estate Board of Greater Vancouver, together with BC Real Estate Association, has actively lobbied to make home ownership more affordable for first-time home buyers. This increase in the threshold clearly signals our efforts have paid off as in past years.

In 2008, as a result of industry lobbying, the provincial government increased the threshold to $425,000 from $375,000.

In 2005, the government increased the threshold to $325,000 from $275,000.

Just remind all my clients that the PTT is calculated at a rate of 1 % on the first $200,000 and 2 % on the remaining value of the purchase price.

Если интересует более подробная информация или Вам требуется моя консультация по вопросам покупки или продажи недвижимости в Ванкувере, звоните в любое время.

Ваш Риэлтор,

Олег Царёв

В Ванкувере введут новые налоги - empty home taxes 0.5-2 % в 2017 году

Vancouver plans to bring in an Empty Homes Tax on 10,800 empty and underutilized homes, starting in 2017.

The goal of the proposed tax is to make property owners rent their secondary and investment properties.

“Vancouver’s dangerously low vacancy rate is putting our renters in crisis. Our proposed Empty Homes Tax is about bringing rental homes back into the market,” said Mayor Gregor Robertson.

Homes that are the principal residence of the owner, a long term tenant, or a family member won’t be taxed.

Home owners will be required to annually declare their principal residence (or tenancy), similar to declaring the Home Owner Grant.

If a declaration isn’t made, owners will automatically be charged the Empty Homes Tax.

If audited, owners must prove the home is a principal residence for the owner, a licensee, or a tenant using a BC Driver’s licence or BC ID, a completed Home Owner Grant, a tenancy agreement, or similar documentation.

If the owner can’t prove the home was a principal residence for a minimum number of days in the previous year (to be determined by staff through consultation this fall), the tax will apply.

Exemptions

Some homes will be exempt, for example, property subject to rental restrictions or a home where the owner is in a care facility and expected to return home. Exemptions will be determined this autumn through public consultation.

How much is the Empty Homes Tax?

The amount will be determined in the coming weeks through further public consultation.

Timeline

  • September/October: there will be public consultations this autumn. We will keep members informed about dates, times and locations.
  • November: city staff will report to council with the final proposed tax bylaw.
  • 2017: Empty Homes Tax will be implemented.

Revenue collected will be used for affordable housing initiatives.

 

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