Property Transfer Tax Act, R.S.B.C. 1996, C. 378

In This Volume

1. Overview of the Property Transfer Tax Act [§57.1]

2. Legislation and Commentary [§57.2]

   1. 1 Definitions and interpretation [§57.3]
   2. 1.1 Fair market value of land with industrial improvements [§57.4]
   3. 1.2 Fair market value of property subject to certain interests [§57.5]
   4. 1.3 Fair market value if improvement on more than one parcel [§57.6]
   5. 1.4 Proposed strata lots—determination of fair market value [§57.7]
   6. 2 General tax imposed [§57.8]
   7. 2.001 Additional tax imposed—anti-avoidance rule [§57.9]
   8. 2.01 Definitions in relation to additional tax imposed [§57.10]
   9. 2.02 Additional tax imposed [§57.11]
   10. 2.03 Additional tax imposed—calculation of tax if transaction includes non-residential property [§57.12]
   11. 2.04 Renumbered [§57.13]
   12. 2.1 Nisga’a exemption [§57.14]
   13. 2.2 Treaty first nation exemption [§57.15]
   14. 3 Rate of tax [§57.16]
   15. 3.01 Tax on residential property exceeding $3 million [§57.17]
   16. 3.1 Tax payable on registration of correcting transaction [§57.18]
   17. 4 Definitions in relation to first time home buyers’ program [§57.19]
   18. 4.1 Fair market value—property transferred by Habitat for Humanity [§57.20]
   19. 5 First time home buyers’ exemption [§57.21]
   20. 6 First time home buyers’ partial exemption [§57.22]
   21. 7 First time home buyers’ refund [§57.23]
   22. 8 First time home buyers’ program—obligations of transferee [§57.24]
   23. 9 First time home buyers’ program—unqualified transferee [§57.25]
   24. 10 First time home buyers’ exemption or refund retained [§57.26]
   25. 11 Lien for amount of exemption, refund or credit [§57.27]
   26. 12.01 Definitions in relation to new housing program [§57.28]
   27. 12.02 New housing exemption [§57.29]
   28. 12.03 New housing partial exemption [§57.30]
   29. 12.04 New housing refund if property contains residential improvement on registration date [§57.31]
   30. 12.05 New housing program—obligation of transferee if property contains residential improvement on registration date [§57.32]
   31. 12.06 New housing refund if property does not contain residential improvement on registration date [§57.33]
   32. 12.07 New housing program—unqualified transferee [§57.34]
   33. 12.08 New housing exemption or refund retained [§57.35]
   34. 12.09 Definitions for sections 12.09 to 12.12 [§57.36]
   35. 12.10 Transferee must not apply for both first time home buyers’ exemption or refund and new housing exemption or refund [§57.37]
   36. 12.11 Application to cancel first time home buyers’ application and obtain new housing credit [§57.38]
   37. 12.12 Application to cancel new housing application and obtain first time home buyers’ credit [§57.39]
   38. 12.13 Additional information to be included in return [§57.40]
   39. 12.14 Ministerial regulation-making power [§57.41]
   40. 13 Certifying the return [§57.42]
   41. 13.1 Electronic returns [§57.43]
   42. 13.2 Evidence of electronic returns [§57.44]
   43. 14 Exemptions [§57.45]
   44. 15 Partial exemption for certain residential transfers [§57.46]
   45. 16 Exemption for land subject to conservation covenant [§57.47]
   46. 26 Summary proceedings without action [§57.48]
   47. 28 Lien on land for taxes [§57.49]
   48. 32 Information sharing [§57.50]
   49. 32.1 Information-sharing agreements [§57.51]
   50. 32.2 Repealed [§57.52]
   51. 33 Access to records [§57.53]
   52. 34 Offences [§57.54]
   53. 34.01 Offences in relation to confidential information [§57.55]
   54. 34.1 Offences in relation to electronic returns [§57.56]
   55. 34.2 Administrative penalties [§57.57]
   56. 37 Power to make regulations [§57.58]
   57. 37.1 Regulations by the minister [§57.59]