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Additional Property Transfer Tax on Foreign Buyers

In British Columbia, a general property transfer tax is payable on all property transactions involving a change to the property’s title, including:

The amount of tax payable is based on the fair market value of the property on the date of registration except for pre-sold strata units.  The tax is charged at a rate of:

For example, if the fair market value of a property is $2,500,000, the tax paid is $53,000.

Effective August 2, 2016, an additional 15% property transfer tax was introduced in British Columbia on real estate transactions and is additional to the general property transfer tax.  This tax applies to:

This tax does not apply to:

For properties that have a residential component, such as farm land, this additional 15% property transfer tax will apply to the residential component.  In other words, the tax will be paid on the portion of the purchase price prorated to the residential portion.

For more information, please visit  For enquiries on this topic, please contact one of the lawyers in our Real Estate Group.