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Vacant Home Tax (Sale)

Julia Sweeney avatar
Written by Julia Sweeney
Updated over 2 weeks ago
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26 STEPS

1. Click property

2. Click property details

3. Click jurisdiction and search the applicable city


4. Note that the MLTT calculations will be applied


5. Closer will have the vacant home tax applicable selected by default

You must ensure this remains checked off for your information to translate to your documents correctly

6. Click sale documents

7. Click documents


8. Click add


9. Click add documents

10. Click all


11. Click search documents and type in statutory declaration - vacant home tax

12. Click the search option and type in statutory declaration - vacant home tax and add the document to your file


13. Click statutory declaration - vacant home tax


14. To confirm occupancy status and to provide adequate proof to the purchaser(s), the appropriate paragraph has now been populated into your statutory declaration, which may be viewed in the preview

15. Click add


16. Click add documents


17. In the search bar, type in declaration of possession and add the document to your file

18. Click declaration of possession


19. In the preview, you will note the applicable statements needed within your declaration of possession have been added to your document

20. Click finances

21. Click adjustments


22. Click add adjustment


23. Click vacant home tax

24. Here, you will input all necessary information. Pay careful attention to assessed value of the property

You have the option to ensure you have had the property appraised and may use that figure, or you may wish to instead include the sale price

25. Click save


26. The corresponding figures will now be included within your statement of adjustments, should there be an adjustment to account for




Next steps: Go Live OR Practice

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