A Canadian court has quashed a massive tax bill on a C$26.8 million (US$21 million) Vancouver home owned by the wife of billionaire Chinese parliamentarian Zheng Jianjiang, ordering the city to reconsider whether she deserved to be hit with the C$249,313.67 (US$191,000) charge for leaving the home empty.The lawsuit by He Yiju had been closely watched in Vancouver, where the city introduced the tax on empty homes in 2017 in a bid to improve affordability and to deter speculators from leaving…
Source : South China Morning Post
Read more…Billionaire Chinese parliamentarian Zheng Jianjiang’s wife wins lawsuit against vacancy tax on USm Vancouver home















