Point in Time - Speculation and Vacancy Tax Act

"Point in Time" Regulation Content

Speculation and Vacancy Tax Act

Exemptions from Tax Regulation

B.C. Reg. 287/2019

SECTION	EFFECTIVE DATE
NOTE: Links below go to regulation content as it was prior to the changes made on the effective date. (PIT covers changes made from September 19, 2009 to "current to" date of the regulation.)
Section 4	January 1, 2019
Section 5	January 1, 2020
	October 3, 2022
Section 6	January 1, 2020
Section 7	July 1, 2021

Section 4 was enacted by BC Reg 287/2019, effective January 1, 2019.

Section 5 was enacted by BC Reg 287/2019, effective January 1, 2020.

Section 5 BEFORE repealed by BC Reg 198/2022, effective October 3, 2022.

Exemption for strata accommodation property

5 (1) In this section:

"strata accommodation property" has the same meaning as in section 19 (1) [valuation for purposes of assessment] of the Assessment Act;

(2) A residential property is exempt from tax under the Act for the 2020 and 2021 calendar years if the residential property is a strata accommodation property on an assessment roll for the applicable calendar year.

[en. B.C. Reg. 287/2019, Sch. 3.]

Section 6 was enacted by BC Reg 287/2019, effective January 1, 2020.

Section 7 was enacted by BC Reg 162/2021, effective July 1, 2021.