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It is very easy to get around a vacancy tax: you rent it out so someone can live in it. They generally identify vacancy tax properties by looking for residenti
by gamblor956 6y ago
It is very easy to get around a vacancy tax: you rent it out so someone can live in it.
They generally identify vacancy tax properties by looking for residential properties that aren't receiving utility bills or which have very low utility bills.
- JMTQp8lwXL 6y agoSo vacant rentals might turn into low-scale bitcoin mining facilities.
- gamblor956 6y agoUnlikely. You either wouldn't make enough to justify the power costs, or the investigators would assume you were running an illegal grow operation and refer your case to the police for investigation...which would result in them discovering the vacant property and imposing the vacancy tax plus any potential penalties for fraud, which might include a criminal case...
- Finnucane 6y agoIf you rent it out so someone can live in it, then it isn't vacant any more, that's the whole point of the tax.
- gamblor956 6y agoYes, that's generally how you get around a vacancy tax without spending more time and money on convoluted solutions to get around the tax, like buying furniture and setting up utilities and paying someone to periodically turn on the lights and run the water and pretend that they live there without actually living there. (This is actually a thing that people used to do when Vancouver introduced its vacancy tax.)
- Finnucane 6y agoYou're not really 'getting around the tax' when the intention of the tax is to give owners an incentive to rent or sell to an occupant. You're doing what the tax is trying to get you to do.