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Vacant Home Tax (Sale)

Meaghan Morris avatar
Written by Meaghan Morris
Updated over a year ago
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23 STEPS

1. For all vacant home tax functionalities, you will want to first start here on the property tab.

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2. Click property details.

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3. Type in the name of the jurisdiction.
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a list will populate, and you may choose the appropriate jurisdiction.

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4. Select the jurisdiction.

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5. Closer will default to have the vacant home tax applicable box selected. You must ensure this remains enabled for your information to translate correctly.

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6. For appropriate documentation, click sale documents.

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7. Click documents.

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8. The Statutory Declaration will be included within a file titled vacant home tax.

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9. Click statutory declaration - vacant home/unit (sale).

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10. 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 on the right hand side of the page.

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11. Please note, vacant home tax information will only appear if the City of Toronto or the City of Ottawa are selected as the jurisdiction, as well as if the vacant home check box has been enabled.

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12. To produce the remaining documents, click documents.

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13. Double-click Declaration of Possession.

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14. The appropriate statements needed within your Declaration of Possession have now been placed within your document.

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15. Return to the documents menu and select client introductory letter.

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16. Information pertaining to the process of vacant home tax will will be included in your document for your client(s) to view.

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17. In rare instances, you may need to add an adjustment to your file. To do so, start by clicking on the finances tab.

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18. Click adjustments.

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19. Click add adjustment.

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20. Click vacant home tax.

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21. 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.

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22. Once you have completed this section, click save.

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23. The corresponding figures will now be included within your Statement of Adjustments, should there be an adjustment to account for.

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Next step: Practice

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