March 31, 2015 is the last day the 2% Transition Tax will be in effect.
This temporary tax is applicable on the sale of a new home that was 10% or more complete as of April 1, 2013. However, if ownership and possession take place on or after April 1, 2015, the 2% tax will not apply, as it ceases to exist on April 1.
For information visit the BC government’s transitional rules for new housing page at http://bit.ly/1GpxEUd
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.
Comments:
Post Your Comment: