![]() Filing property occupancy status online – once a declaration has been submitted, a confirmation page will be generated which can be saved or printed.Vendors should provide a copy of the completed and filed property status declaration to the purchaser.As a result, any unpaid taxes will become the responsibility of the purchaser. Failure to pay the Vacant Home Tax will result in a lien being placed on the property.This is the responsibility of the purchaser and/or vendor. Ensure that the declaration of status occupancy has been filed by the deadline.The Vacant Home Tax has implications for property transactions, both for purchasers and vendors. Homeowners who choose to keep their properties vacant will be subject to this tax. The goal of the VHT is to increase the supply of housing by discouraging owners from leaving their residential properties unoccupied. ![]() The Vacant Home Tax (VHT) is an annual tax levied on vacant Toronto residences, payable beginning in 2023. Note: You cannot use the online service to change ownership on a property, go to Buying a Property – Update Tax & Utility Accounts for more information. If you subscribe to electronic billing, changes to your tax/utility account may affect how you receive your electronic bill. If you are a landlord/property owner you can add a tenant or agent to receive utility bills.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |