I own a quarter-share in Whistler, do I pay Underused Housing Tax (UHT)? Yes! The quarter-share property has one freehold title, which is divided into four shares termed sub-leases. The non-resident owner of each quarter-share must use the property for 28 days to avoid paying a penalty.
Now this is where it gets interesting. Should one of the owners buy out one or more of the other three sub-lease owners in the same title or deed, the UHT requirement for that person stays at 28 days. For example, 101 A, B,C, and D, the owner of Unit 101 A and B is now the same non-resident. But, only 28 days of usage is required not 2 x 28.
As an experienced buyer’s agent it’s my responsibility to make sure you have the basic UHT information, and refer you to an accountant when the time is right. I’m Marion Anderson, I help people buy real estate in Whistler.
Understanding UHT
There is a section of this website dedicated to non-residents buying, owning, and selling Whistler real estate. Within that section is a page dedicated to the Underused Housing Tax. Therefore, there is enough information for the non-resident to understand the basics of UHT.
Next Steps
Buying real estate in Whistler, whether ski-in/ski-out or not, is a smooth process when working with an experienced Whistler real estate agent who follows the rules. Everything in real estate, except the negotiation, is a process including writing the contract. However, if you don’t follow the process then you may hear from the other parties after the completion date, and nobody wants to experience that. Choose experienced realtor, and skilled negotiator, Marion Anderson to work with you directly from start to finish. No assistants are involved.
Marion Anderson Personal Real Estate Corporation
Sutton Group-West Coast Realty, Whistler
marion@marionanderson.com (604) 938-3885