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    BC Real Estate
    PROPERTY TRANSFER TAX CALCULATOR

    provided by the law firm of Rosborough & Company

     

    PTT (sometimes called PPT) is a sales tax charged by the BC Government on all transfers of Real Estate in BC.
    • First time home buyers receive a break on this tax. They pay $0 of PTT on homes with a purchase price of $475,000 or less, but they pay full PTT on homes with a purchase price above $500,000.
    • If two people buy a home together and one is eligible for the First Time Home Buyers’ Exemption and one is not, then transfer tax will be charged proportionately to their ownership shares.
    • Homeowners who claim the First Time Home Buyers’ Exemption must live in the home for at least one year after purchasing it.
    • All types of real estate pay the same PTT rate, whether the property is used, new, or vacant land.
    • The PTT rate is based on 1% of the first $200,000 of price, and 2% thereafter
      (except first time buyers purchasing below $500,000).
    • Homes are not charged PTT on the GST component of the price, for sales where GST applies.
     
    Previous Homeowners & Investors  
    Purchase Price
    Property Transfer Tax Payable
    First-Time Homeowners  
    Purchase Price
    Property Transfer Tax Payable

    This Calculator was created by Conrad Warkentin, a Real Estate Lawyer at Rosborough & Co.

    The Calculator is not to be relied upon for making actual PTT calculations or determinations.

    Rosborough & Company Law Firm

    Contact
    Mike Burke MBurke@Rosborough.com Tel: Metro Vancouver 604-857-2373 Fraser Valley 604-859-7171
    Conrad Warkentin CWarkentin@Rosborough.com Fax: (1) 604-853-8635

    John Koot

    JKoot@Rosborough.com Web: www.rosborough.com Technical: www.vooys.ca