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15.1 Transparency Report Required If Surveyor Of Taxes Files Transparency Declaration

In This Volume

  • 15.1 (1) Subject to section 13 [general rules for filing and completing transparency reports], this section and the exemptions, if any, in the regulations, if, in relation to an interest in land,
  • (a) a relevant corporation,
  • (b) a trustee of a relevant trust, or
  • (c) a partner of a relevant partnership
  • is a transferee on whose behalf the Surveyor of Taxes has filed a transparency declaration under section 10.1(1) [transparency declaration required from Surveyor of Taxes], the corporation, trustee or partner must file with the administrator a transparency report completed in accordance with Division 3 [Content of Transparency Reports] of this Part.
  • (2) A transparency report required under subsection (1) must be submitted within 2 months after the corporation, trustee or partner becomes aware or reasonably ought to have become aware that the Surveyor of Taxes has filed the transparency declaration under section 10.1(1).
  • (3) Section 15(6) to (9) applies in respect of a transparency report required under this section.
  • (4) Despite subsection (1), a relevant corporation, a trustee of a relevant trust or a partner of a relevant partnership is not required to file a transparency report under this section if the corporation, trustee or partner is no longer a registered owner of the interest in land to which the transparency declaration relates.

2023-6-9, effective November 20, 2023 (B.C. Reg. 228/2023).