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ADDITIONAL PROPERTY TRANSFER TAX APPLICATION FOR REFUNDProperty Transfer Tax Inquiries Victoria: 2503870555 Toll free: 18883552700 gov.bc.ca/propertytransfertaxINSTRUCTIONSunder the Property Transfer.

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Related content

EX-99.12 3 tm2029830d1_ex99-12.htm EXHIBIT 99.12...
Lieutenant Governor of the Province of British Columbia ... Property transfer tax revenue...
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How Is It Calculated? The amount of the Property Transfer Tax is 1% on the first $200,000.00 of the property's fair market value, 2% on the amount between $200,000 and $2,000,000, and 3% on the amount between $2,000,000 and $3,000,000, and 5% of the remaining fair market value.

The buyer incurs the property transfer tax at the time of completion of a real estate purchase, and sellers do not pay the property transfer tax.

Effective January 1, 2024, if you're purchasing a new qualifying purpose-built rental building, you may qualify for an exemption from the further 2% property transfer tax on the amount of the residential property value that exceeds $3,000,000. More information is coming soon.

Foreign Buyer Tax: The BC Foreign Buyers Tax is a 20% tax added to the Property Transfer Tax when a foreign citizen or non-permanent resident of Canada purchases a residential property in designated regions on Vancouver Island.

Purpose-built rental exemption Effective January 1, 2024, if you're purchasing a new qualifying purpose-built rental building, you may qualify for an exemption from the further 2% property transfer tax on the amount of the residential property value that exceeds $3,000,000. More information is coming soon.

If a buyer is a foreign national, foreign corporation or taxable trustee, you must pay the additional property transfer tax on your proportionate share of a residential property's fair value if the property is within specified areas of BC. The current tax rate is 20%.

On the purchase of any property in British Columbia, the purchaser must pay Property Transfer Tax (PTT) on the transaction. The PTT is calculated as follows: 1% of the taxable transaction's fair market value that does not exceed $200,000. 2% of that fair market value that exceeds $200,000 but does not exceed $2,000,000 ...

The general property transfer tax rate is: 1% of the fair market value up to and including $200,000. 2% of the fair market value greater than $200,000 and up to and including $2,000,000. 3% of the fair market value greater than $2,000,000.

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© Copyright 1997-2025
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232