Looks like the BC Government has finally acted
http://www.ctvnews.ca/business/b-c-t...yers-1.3001418
Quote:
VANCOUVER -- Foreign nationals who buy real estate in Metro Vancouver would pay an additional property transfer tax of 15 per cent under legislation introduced Monday by the British Columbia government.
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"For example, the additional tax on the purchase of a home selling for $2 million to a foreign national will amount to an additional $300,000," de Jong told members of the legislature.
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"The amendments include anti-avoidance rules designed to capture transactions that are structured specifically to avoid the additional tax," de Jong said.
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The legislation would also enable the City of Vancouver to amend its community charter in order to levy a vacancy tax.
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