Property Transfer Tax

By: Jeffrey Sefton

Property Transfer Tax

Tags: property, transfer, tax, property transfer tax

The property transfer tax is one of the costs to be considered when you are purchasing a home.  Whether it be a house, townhouse or condo when a residence is purchased in British Columbia a Property Transfer Tax (PTT) is applied and payable by the home buyer. The tax is calculated at 1% on the first $200,000 and 2% on the portion of the fair market value greater than $200,000 and up to and i...Read More

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