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Identifying Different Property Interests in British Columbia #584

Property ownership in BC can take many different forms. In this article, we examine REALTORS®' role in correctly representing them.

Tax Calculators

Purchasing or selling a home in BC? You need to be aware of the applicable taxes. We’ve collected government tax calculators to help you figure out your tax situation.

Note: These calculators should not be considered a substitute for professional accounting or legal advice.

Tax at a Glance

Check out calculators for the Property Transfer Tax and BC Home Flipping Tax below.

 

Property Transfer Tax (PTT)

When you purchase or gain an interest in property that is registered at the Land Title Office, you or your legal professional must file a PTT tax return and you must pay PTT, unless you qualify for an exemption.

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BC Home Flipping Tax

The BC Home Flipping Tax applies to the profit you earn from selling a property in British Columbia (including presale contracts) if you owned the property for less than 730 days or two years.

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