Property Transfer Tax – Avoidance of Tax Upon Subdivisions and Consolidations of Property #285
By Gerry NeelyB.A., LL.B. The Ministry of Finance issued a Property Transfer Tax Act Information Bulletin 1-96, to set out in detail the steps that must be taken, if property transfer tax is to be avoided in the following circumstances. The first is where owners of adjacent parcels of land plan to consolidate and subdivide them, …