The BC Transition Tax 2015 Update Explained
(January 26, 2015
)
The BC Transition Tax 2015 Update:
If you subsribe to our Truth About Real Estate newsletter you would have already received the update regarding The BC Transition Tax on new homes.
If you subsribe to our Truth About Real Estate newsletter you would have already received the update regarding The BC Transition Tax on new homes.
It is indeed wrapping up as of March 31, 2015. We are sure your fully aware of the details surrounding this change however here is a brief explanation etc.
This temporary tax is applicable on the sale of a new home that was 10% or more complete as of April 1, 2013. However, if ownership and possession take place on or after April 1, 2015, the 2% tax will not apply, as it ceases to exist on April 1.
Our client services team is looking forward to chatting with you soon!
Feel free to contact our sales team at The BC Home Hunter Group for our complimentary trademark "15 Minute Truth About Real Estate - Home Evaluation."
Feel free to contact our sales team at The BC Home Hunter Group for our complimentary trademark "15 Minute Truth About Real Estate - Home Evaluation."
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