BC Assessment

Verifying Assessment Data #455

Legally Speaking

By Jennifer CleeB.A., LL.B. It has been customary for licensees to rely upon BC Assessment and MLXchange for the assessed value of properties offered for sale. A recent decision of the BC Supreme Court1 illustrates the danger of licensees relying upon that information without ensuring that the information is current, particularly where the information was

Area – BC Assessment Authority Information Inaccurate #289

Legally Speaking

By Gerry NeelyB.A., LL.B. We can draw two conclusions from the facts described in a recent decision in which a buyer sued for damages because the area of the land purchased by the buyer was only 258.5 acres instead of 309 acres. The first conclusion is that one cannot rely upon the British Columbia Assessment Authority

Property Transfer Tax – Multiple Buyers and Exemptions #277

Legally Speaking

By Gerry Neely B.A. LL.B A decision involving the Property Transfer Tax Act points to a way, when the facts are right, to reduce the amount of the total tax payable when there are multiple buyers. Three individuals bought one parcel of land in 1994 valued at $760,000, taking the fee simple title in their