Frank Fu Blog

New BC Property Transfer Tax 

(February 21, 2016, posted in Government Policy)

The Property Transfer Tax (PTT) is a provincial tax now charged at a rate of:

  • 1% on the first $200,000,
  • 2% on the portion of the fair market value greater than $200,000 and up to and including $2,000,000, and
  • 3% on the portion of the fair market value greater than $2,000,000.
Exemptions·         

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