|
| quote: | Originally posted by SkyHigh
Any one know if your tax debt goes on your credit rating?? |
income tax or property tax?
yes and no...not right away...unless it ends up in collections.
For long overdue income tax, the Ministry of Finance will often register a Judgement/Execution against your name with the local Sheriff's office. Not only can this be reported to your credit bureau, but if you try to buy/sell a home or get a mortgage, your lawyer needs a clear Sheriff's certificate to register the transaction at the local Land Registry office...which you won't be able to get until you pay off the debt 
for long overdue property taxes, the municipality can register a lien on your property, but I don't think I've ever seen that on a credit bureau report.
|