/
1x
Advertisement
Proudly Canadian, obsessively Toronto. Subscribe to Toronto Life!
Real Estate News

Conrad Black may not be able to sell his house until he pays $15 million in back taxes

By Steve Kupferman
Copy link
Conrad Black may not be able to sell his house until he pays $15 million in back taxes

Conrad Black’s 23,000-square-foot Bridle Path mansion found a buyer just before it was supposed to hit the auction block in March. Now, though, it seems that the $16.5-million deal may not close until Black has made arrangements to pay the taxman.

The Globe reports that the Canada Revenue Agency filed two liens against Black’s property on May 6 in an attempt to force him to come up with a combined $15 million in unpaid Canadian and U.S. income taxes before finalizing the sale. If Black is unable to resolve the liens, they could further complicate an already complicated transaction. As reported by the Star back in March, Black had hoped to sell the house and then lease it back from the buyer, effectively turning himself into a tenant in his own mansion.

Black told the Globe that the liens are “nonsense.”

THIS CITY

Obsessive coverage of Toronto, straight to your inbox

By signing up, you agree to our terms of use and privacy policy. You may unsubscribe at any time.

Advertisement
Advertisement

Big Stories

Inside the rise and fall of the Vaulter Bandit, the 21st century’s most notorious bank robber
Deep Dives

Inside the rise and fall of the Vaulter Bandit, the 21st century’s most notorious bank robber

Inside the Latest Issue

The June issue of Toronto Life features our annual ranking of the best new restaurants. Plus, our obsessive coverage of everything that matters now in the city.