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16 11, 2016

What do I need to know about Property Transfer Tax?

By |2019-05-15T16:16:19-07:00November 16th, 2016|Property Tax, Taxes|

What is Property Transfer Tax? The Property Transfer Tax (PTT) is a land registration tax charged by the B.C. government on all transfers of real estate in the province that are registered at the Land Title and Survey Authority (LTSA). The amount of tax you are required to pay is based on the fair market [...]

9 05, 2014

How does Property Transfer Tax affect you?

By |2019-05-15T16:38:25-07:00May 9th, 2014|Property Tax|

How does Property Transfer Tax affect you? Very generally, Property Transfer Tax (PTT) is paid by anyone who has land transferred into their name, unless they qualify for an exemption. Property Transfer Tax is 1% on the first $200,000.00 of the property's fair market value and 2% on the remaining fair market value, as of [...]