6 ms·
Is a flat rate fine a good idea in this case? I imagine an investor keeping his or her $30M mansion just as a hedge against RMB depreciation and keeping it emp
by bhc 10y ago
Is a flat rate fine a good idea in this case?
I imagine an investor keeping his or her $30M mansion just as a hedge against RMB depreciation and keeping it empty will think nothing of the $10,000 fine.
- elchief 10y agoit's 1% of the previous year's assessed value. $10,000 was an example http://vancouver.ca/news-calendar/vancouver-introduces-empty-homes-tax-framework-as-rental-housing-crisis-persists.aspx http://vancouver.ca/news-calendar/vancouver-introduces-empty...
- cecilpl 10y agoThe headline assumes a $1m house. From the article: > The empty-home tax will take effect by Jan. 1 and will be calculated at 1 percent of the property’s assessed value.
- pbhjpbhj 10y agoWhy could you not make the charge for non-payment be something like 50% of the assessed value or repossession of the property. Why do you have to leave an easy route out.