Keeping Homes Empty & Evading Taxes the Vancouver Way
This beautiful home at 2856 West 3rd Avenue at Macdonald is awaiting “redevelopment” and is currently empty.
The productive fruit trees are about to be back-hoed into the ground.
Neighbour Interview
The neighbour had in fact been living in this house up until a few months ago, when they were evicted by the owner. The “owner” (or someone paid by the owner) then had a single person “live” in the property for a couple of months - he had likely been advised by his tax lawyer that to avoid capital gains tax, a home must be “lived in” to avoid incurring capital gains after flipping the property.
Do you know of owners who have illegally evicted tenants on false pretences of have “family” move in, or know of cases where developers have sought to avoid taxes through deception? Let us know: @BEmptyHomes
i live there now wow.
