Property Transfer Tax

When you purchase or gain an interest in property that is registered at the Land Title Office, you're responsible for paying property transfer tax.

Taxable transactions include:

You pay the tax based on the fair market value of the property at the date of registration, unless you qualify for an exemption.

Property transfer tax should not be confused with annual property taxes. Annual property taxes are paid yearly for each property you own or have a registered interest in to fund services in your area.

Exemptions

When you purchase or gain an interest in a property, you may qualify for a tax exemption. If you qualify for an exemption, you need to complete the Special Tax Return when you register the property transfer.

Family Exemptions

Other Exemptions

Reference: http://www.rebgv.org/property-transfer-tax


thumb Property Transfer Tax: A Closing Cost

thumb PTT Changes

thumb PTT New Law on FOREIGN Buyers

thumb FTHB Property Transfer Tax