Estimated reading time: 2 minutes
Key Takeaways
- Non-residents who do not use their Phase 2 hotel-condo for 28 days are subject to 1% UHT.
- Phase 2 properties are condo-hotels that allow up to 56 days of personal use for non-residents, avoiding the 1% UHT penalty.
- In contrast, Phase 1 properties permit only 35 days of legal use before they should legally be rented out.
Yes! Phase 2 properties can be identified by the hotel name attached to the building, for example, the Westin. These are business income properties and for non-residents, the 28 days of use still applies to avoid the 1% UHT penalty.
The benefit of a phase 2 over a phase 1 is that you can use your phase 2 for up to 56 days and then rent out the rest of the year. Whereas the owner of a phase 1 property is up to 35 days of legal usage, and then must rent it out the rest of the year, if they are renting it out at all. Now that’s 3 weeks of legal use difference.
Non-resident buying
If you are a non-resident considering a real estate purchase in Whistler, check out the series of pages on Non-Resident: Buying. Owning. Selling. Just about everything you need to know will be in those pages.
Next steps
If you think I would be a good fit to work with you and your family, and you are not already working with a Whistler realtor, please contact me. My name is Marion Anderson, and I help people buy real estate in Whistler.
Marion Anderson Personal Real Estate Corporation
Sutton Group – West Coast Realty, Whistler
marion@marionanderson.com (604)938-3885