Land Transfer Tax Separation Agreement

A transfer consisting of a lease, subletting or right to use premises, as well as a simultaneous transfer of the estate in fees or a right to acquire the property in costs, on the same land, and the tenant and the purchaser are equal and the tax was paid when the transfer or right of sale was registered. Choose this code and use the transitional tax rate of 0.1% to calculate the property transfer tax due if: The property transfer tax is often the biggest closing cost when you buy a home in BC. It is important to plan in advance for the property transfer tax and to consider your eligibility for property transfer tax exemptions. Land transfer tax returns must specify the value of the consideration paid for the transfer.

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