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