A property will not be subject to the tax if it was rented for residential purposes for at least six months of the year, in periods of 30 or more consecutive days; for example: Short term leases are exempt if they have been rented for a minimum of 30 days in periods that add up to six months

Long term leases are exempt if they have been rented for six months or more A property is not required to be the principal residence of the tenant or subtenant. This allows rentals for non-consecutive periods of at least 30 days, such as a fixed-term rental to someone who is renovating their home or who has temporary work in Vancouver. For the 2019 tax year and going forward, the exemption for a rental property will require proof of an arm’s-length tenancy agreement under the Residential Tenancy Act

There is no exemption for property that is unoccupied solely because it is being listed for rent. Owners are encouraged to reduce the asking rental cost until the unit is rented, as they will not be exempt from the tax on the basis of being unable to find a tenant. This exemption applies to properties that were occupied for residential purposes. This exemption does not apply to properties that are rented and being used solely as office space. What to do if your property is currently empty or under-utilized