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!
這個律師會take care嗎？ 不然我怎麼知道他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 $$$ & hassle & time.
City of Vancouver currently doesn't provide a Clearance Certificate like CRA do for taxes payable. It might in the future, who knows. However, how much do you trust the city gov't to do the right thing, and be competent in this when they can put a lien of $10K per DAY penalty on a house!
You should also be aware the if the previous owner lied to City of Vancouver's empty home declaration form, you are LIABLE for the $10,000/day penalty if the city audit and found the declaration to be false. The declaration is tied to the property, not the owner. Thus, the new owner is LIABLE.
Good luck!
這個律師會take care嗎？ 不然我怎麼知道他lie不lie的啊？
That's just it, no one except the owner really knows. The city can go back and audit the last 3 years. So let's use an example of person B bought from person A in 2022, and person A has always declared the house as primary residents for full time occupancy in 2019, 2020, and 2021. Now in 2023, someone phoned the city tip line saying person A lied on his declaration form for 2020 and 2021, and provided some proof and the city decides to audit. The audit will mail the current owner of the residence for proof that the residence was used as primary residence. How would person B, the new owner, possibly provide proof? Person B might not even know how to contact person A. Even if person B can, and person A did lied, why would person A provide any help in that case?
The city of Vancouver can't, and likely too lazy, to go after person A. Nor can they just let it slide because then it would mean the empty home tax is almost toothless. So any fine they slap would be against the property which is now owned by person B and therefore liable to pay the fines.
Off course, person B can try to take city to court over it, but that's a lot of $$$ & 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!
這個律師會take care嗎？ 不然我怎麼知道他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!
正常的律師事務所在房屋交易的程序裡會要有一份 BC online 的 title search, 這份 title search 會顯示屋主（們） 在本省行政區域內所擁有的所有物業，汽車，和公司。公司的注冊地址。 很多資料一目了然。同時也會聯絡物業所在城市的市政府調取物業稅的繳費記錄。
一直以來，non resident 賣家在賣出物業的時候， 律師事務所會withhold 一個比例的金額在trust account 裡面做為capital gain property tax.
自從2001 年以後 所有物業買賣雙方都要本人或代理人在房屋買賣中出具有效的身份證件，並拷貝留份。
買賣物業最好找專業的律師事務所或公證處辦理手續。 很多東西不是越便宜越好， title insurance, title certificate, title search, clearance certificate, form A, form B, form C, insurance binder ...etc.. 這些律師事務所和公證處都要付費.
正常的律師事務所在房屋交易的程序裡會要有一份 BC online 的 title search, 這份 title search 會顯示屋主（們） 在本省行政區域內所擁有的所有物業，汽車，和公司。公司的注冊地址。 很多資料一目了然。同時也會聯絡物業所在城市的市政府調取物業稅的繳費記錄。
一直以來，non resident 賣家在賣出物業的時候， 律師事務所會withhold 一個比例的金額在trust account 裡面做為capital gain property tax.
自從2001 年以後 所有物業買賣雙方都要本人或代理人在房屋買賣中出具有效的身份證件，並拷貝留份。
買賣物業最好找專業的律師事務所或公證處辦理手續。 很多東西不是越便宜越好， title insurance, title certificate, title search, clearance certificate, form A, form B, form C, insurance binder ...etc.. 這些律師事務所和公證處都要付費.
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.
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