bc property purchase tax: No -Property Transfer Tax – On Newly Built Homes UP To $750,000 - 02/22/16 11:04 AM
On February 16th, the BC Government announced the 2016 Budget for the province, which introduced several changes to the Property Transfer Tax Act.
 
These changes affect any real estate transaction that is completing February 17th onwards, regardless of the date the contract of purchase and sale was executed.
 
1.    Changes to the BC Property Transfer Tax Rate
 
One of the changes to the Property Transfer Tax Act is a new tax rate of 3% for properties with a fair market value greater than $2,000,000.  The Property Transfer Tax (PTT) is now calculated as follows:
 
1.    1% of the taxable transaction’s fair market value that does … (5 comments)

 
Fred Carver Personal Real Estate Corporation, Accredited Real Estate Consultant (RE/MAX Camosun Victoria BC Real Estate) Rainmaker large

Fred Carver Personal Real Estate Corporation

Accredited Real Estate Consultant

Victoria, BC

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RE/MAX Camosun Victoria BC Real Estate

Address: 4440 Chatterton Way, 2239 Oak Bay Ave, Victoria, BC, V8X 5J2

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Author Bio:Fred Carver started in Real Estate December 1971.Experienced in both Commercial and Residential Sales and Marketing Including the Internet with Web sites and several Blog sites.Area Specialist in Condo and Single family home sales in and around the South Side of Victoria, BC View all AR Posts By Fred Carver Fred's Web Site Blogs   Google+                        
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