The Provincial Government budget announced Tuesday contains changes to the
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The major change is with respect to the maximum fair market value of the For complete details, go to: www.rev.gov.bc.ca and pick Property We are preparing a detailed memorandum summarizing all the changes which Should you have any further questions, please feel free to contact me by Tony Spagnuolo BELL SPAGNUOLO LEGAL OFFICES Office Phone: 604-461-2024
Changes to Property Transfer Tax First Time Homebuyers Exemption Effective February 19, 2003 the In order for your clients to obtain the FULL exemption the purchase price must not exceed $275,000 in the GVRD, Fraser Valley and Capital Region Districts. A PARTIAL exemption is now available for homes between $275,000 and $300,000. Example: Purchase Price of $285,000
Please review the bulletin from the or for further information please call George Sandor
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