New details about Vancouver’s plan to tax vacant homes are raising as many questions as they answer, say experts, including how much it will rely on neighbourhood snitches to catch those who try to skirt the rules.Yesterday, Mayor Gregor Robertson revealed a few more details of his plan to tax empty homes up to two per cent of their assessed value, with the aim of encouraging real estate speculators to rent out their business holdings rather than leave them empty.But with tens of thousands of dollars of potential taxes on the line, Michael Ferreira of Urban Analytics says there are going to be plenty of owners looking to cheat the system.
Source: Is Vancouver’s vacant home tax going to rely on snitches? – British Columbia – CBC News
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