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Property Transfer Tax Act ([RSBC 1996] Chapter 378).

Country/Territory
Canada
Territorial subdivision
British Columbia
Document type
Legislation
Date
1996 (2016)
Source
FAO, FAOLEX
Subject
Land & soil
Keyword
Land tenure Transfer Tax/levy Cadastre/land registration
Geographical area
Americas, Arctic, Asia and the Pacific, East Pacific, North America, North Atlantic
Abstract

The present Act provides for taxation of transfer of property and for gaining an interest in property that is registered at the Land Title Office. Taxable transactions include: transfer of fee simple, right to purchase or agreement for sale, lease or lease modification agreements, life estate, foreclosure, Crown grant, escheat, forfeiture or quit claim transfer as a result of corporate reorganization, The calculation of the tax is based on the fair market value of the property. The text consists of 38 sections.

Full text
English
Website
www.qp.gov.bc.ca

References - Legislation

Implemented by

Property Transfer Tax Regulation (B.C. Reg. 74/88).

Legislation | Canada | 1988 (2013)

Keyword: Land tenure, Transfer, Tax/levy, Cadastre/land registration, Enforcement/compliance

Source: FAO, FAOLEX