Audits for Speculation and Vacancy Tax
Anyone who has to declare for the speculation and vacancy tax may be audited.
Audits are routinely conducted to ensure:
If we don't receive the requested information within that time and cannot confirm your eligibility for the exemption(s) you claimed, we'll issue a final letter summarizing our findings, a Notice of Assessment and a Statement of Account showing your outstanding balance, including interest.
During a typical audit, you can expect us to:
When the audit is complete, we will:
If you still disagree with the results of the audit and/or the resulting Notice of Assessment, you can file an appeal.
Anyone who has to declare for the speculation and vacancy tax may be audited.
Audits are routinely conducted to ensure:
- exemptions have been claimed correctly
- taxes have been paid correctly
If we don't receive the requested information within that time and cannot confirm your eligibility for the exemption(s) you claimed, we'll issue a final letter summarizing our findings, a Notice of Assessment and a Statement of Account showing your outstanding balance, including interest.
During a typical audit, you can expect us to:
- review your records
- ask you for information about something that may be missing from your declaration
- discuss issues of interpretation that may arise from the audit
- work with you to ensure the audit is completed in a timely manner
- work with you to resolve any concerns you have as quickly as possible
- safeguard your records without compromise
When the audit is complete, we will:
- review and explain the results
- notify you if more tax is owed
- notify you if you are entitled to a refund
- make you aware of your options if you disagree with the results
If you still disagree with the results of the audit and/or the resulting Notice of Assessment, you can file an appeal.
