Updates to speculation and vacancy tax
Last updated on April 30, 2025Not subscribed for tax updates yet? Sign up here.
Speculation and vacancy tax
April 30, 2025
The Audit process for the speculation and vacancy tax has been updated with information about waiving the general assessment period.
March 24, 2025
New Speculation and Vacancy Tax forms are now available.
- FIN 559, Waiver of Assessment Period (PDF, 180KB), is used to extend the assessment period beyond the standard 6-year limit for the Speculation and Vacancy Tax.
- FIN 565, Notice of Revocation of Waiver (PDF, 180KB), is used to revoke a previously granted waiver of assessment period, effective 6 months after the revocation is submitted.
March 4, 2025
The provincial government announced its 2025 Budget on March 4, 2025. As a result, amendments to the speculation and vacancy tax were made. Learn more at B.C. Provincial budget tax changes.
January 20, 2025
The speculation and vacancy tax declaration period is now open. Declaration letters begin mailing this week. You’ll need your letter before you can declare. Check out our website at gov.bc.ca/spectax to find out when you can expect your letter, what to do if you’ll be away and for help declaring.